What is Tax on Kerala Lottery Prize Money?

How are Lottery Winnings Taxed? taxes from lottery winnings Winnings are taxed the same as wages or salaries are, and the total amount the winner receives must be reported on their tax return each year Before the winner taxes on $5 The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega

taxes on 100 000 lottery winnings This includes winnings from the Wisconsin Lottery and out-of-state lotteries See Individual Income Tax Filing Requirements for the gross