Lottery Winnings: How much tax? How much can I give to family?

is lottery tax free
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Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no In Texas, how taxable are lottery and out-of-state casino winnings? All gambling winners are required to fill out a W-2G Form to report winnings

best iphone slot games Lottery prize money is not tax-free in India If you win an amount that exceeds , then the amount is subject to TDS as per the Prizes and winnings are always taxable once they are in the winner's possession The reward would be subject to tax according to Section 56 and