Are there any tax implications if one person buys a lottery ticket and
Are there any tax implications if one person buys a lottery ticket and
The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or not That's because the 37
Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30% Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries,
ella hughes - in her mail slot The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or not That's because the 37 How it works: Ohio lottery winnings over $600 are taxed as income If I won today's $550 million jackpot, I'd pay 24% in federal taxes, plus 4%
