Section 194B of Income Tax Act
In addition, the Lottery is required to report to the IRS gambling winnings that are $600 or more, and
New Jersey Lottery Questions and Answers - whats the tax on lottery winnings
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The tax shall be withheld on the entire amount of the prize, not merely the amount in excess of $5,000 The tax must be withheld by the Lottery Department on
whats a dead mans hand in poker 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
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