What is the Tax for Lottery Winnings Prize in Kerala? TDS

why is the lottery taxed
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The Powerball jackpot has grown to an estimated $1 billion Here's what the winner can expect to pay in taxes

You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes · Most tangible Colorado Department of Revenue is the state agency for DMV, Gaming, Liquor Enforcement, Lottery, Marijuana, Natural Medicine, and Taxation Divisions

pot odds calculator poker Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket, Do you need to pay tax on lottery winnings? Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you