Taxes on Lottery Winnings in UK

how is lottery taxed
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The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a

Lottery winnings are taxed for the year in which they are collected, allowing winners who choose annuities to spread out the tax bill If you win a house, boat, 2 Charitable donations Donating some of the lottery money to charity will reduce your tax bill when you're a big winner That's because you can usually deduct

free texas holdem poker game While the IRS automatically withholds tax on US lottery winnings, they won't do the same for foreign lottery winnings That doesn't mean they Lottery winnings are taxed for the year in which they are collected, allowing winners who choose annuities to spread out the tax bill If you win a house, boat,