Lottery Tax Calculator

irs tax on lottery winnings
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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%

Your local citytown may also require your lottery winnings to be taxed as income and this can result in another line of deduction from your

irs lottery tax Your lottery winnings are classified as ordinary income, and will be taxed by both the federal and state agencies at the appropriate rate They

irsh lottery Prize money is considered any money received from awards, raffles, lottery winnings, and any other type of contest Generally, the IRS taxes prize money as