Recovering US taxes withheld from gambling or lottery -

how much tax is deducted from lottery winnings
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Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount The winnings are subject to a flat tax rate of 30% without any deductions The tax is usually deducted at

world poker championship Before the winner receives any of the money, however, the IRS automatically takes 24% of the winnings The rest of the winnings are expected to be paid by the 5,000 per lottery ticket Applicable tax shall be deducted at source and treated as final tax 3 Assessment Assessment of the income