Powerball and taxes: What you have to pay if you win the $935 million

do you have to pay tax if you win the lottery
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You don't pay tax on your lottery winnings, and any money gifted to family and friends is free of tax The only tax you or the gift recipients

At present, lotteries run by state governments attract 12% GST while those authorised by them and sold outside the state are taxed at 28% The Lotteries (

download zynga poker While you have to let go % of your earnings in case the wins are more than Rs 10,000, the income received after TDS is not taxed again How

do senior citizens have to pay taxes on lottery winnings Do I Have to Pay Taxes on Game Show Winnings and Prizes? The short answer: yes, even if it's not in cash Here's more on how taxes work for