Is it true that you pay tax on lottery wins

do i pay tax on lottery winnings   Dan dompet slot

That's because lottery winnings are generally taxed as ordinary income at the federal and state levels In fact

Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no Winnings that are considered business income are always taxable Winnings are considered business income when they are not incidental, but rely on experience,

postcode lottery moving house Lottery winnings in India are taxed under a flat tax rate under Section 194B of the Income Tax Act, specifying 30% tax rate plus applicable cess 21 November 2022 Being NRI, if he won lottery in any foreign country, where the tax been paid over the winning amount, he is not liable to pay