23VAC10-140-282 Withholding on lottery prizes

how much does the government take from lottery winnings
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How much of a prize is taken out for taxes? The winnings are subject to federal income tax withholding The tax withholding

Congratulations! You're a lottery winner Now you're probably wondering, is my prize taxable? In Australia, lottery winnings are  How much of a prize is taken out for taxes? The winnings are subject to federal income tax withholding The tax withholding

devil''s number slot If your winnings are in the form of a car or jewellery or apartment or any moveable or immovable asset, then you have to pay the TDS of % to the government After the federal government takes out 24% up front, the winner will have around $ million The winner will likely be responsible for an