How much money will you get after taxes if you win the Mega

how much tax is taken from lottery winnings
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Lottery winnings also count as income, so by winning the jackpot, the ticketholder has been pushed into the 37% tax bracket for those with

Taxes on Poker Winnings will be taxable at 30% the highest tax bracket Q- Can income tax deducted from lottery winnings be claimed as a refund? To sum it up, the actual winning amount or value is subject to a 30% TDS rate under Section 194B The relevant tax that is withheld at source

3 pick lottery numbers When did this law take effect? A The law was effective July 1, 2009 and Where should I report taxable New Jersey Lottery winnings on my tax return? Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,