Lottery Tax Calculator

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No deductions are available under income tax laws against the lottery income The rewards are categorised as “Income from Other Sources” under

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mtall-054 Home · Income Tax · Income Tax Basics; Income Tax on Winnings from Income Tax on Loan Taken from Friends or Relatives  Lottery: 2 players take home $50K in third-prize Powerball tickets, including 1 in NYC Published: Jul 12