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how much is federal tax on lottery winnings

how much is federal tax on lottery winnings

Income Tax on Winning Lottery, Game Shows, Awards, and Prizes how much is federal tax on lottery winnings When a lottery prize is claimed by a group, family unit, club or other organization, the multiple winners will be required to file an Internal Revenue how do poker rooms make money According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated

how to claim lottery winnings in canada The current federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35%, and 37% So, depending on the amount of prize money received, the federal

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