Who can you give your lottery winnings to?

Who can you give your lottery winnings to? are lottery wins tax free Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and area 88 slot Prizes may include cash, low-interest or interest-free loans, holidays or cars However, you don't need to declare prizes won in ordinary lotteries such as

area 88 slot Lotto winnings are tax free in Australia, the money is yours Any interest you earn off lotto sitting in the bank will be taxable as income

arend slot Tax Rate: Winning from lottery is taxable at a special rate of 30% No deduction is allowed Also no benefit of slab rate can be taken  The Indian government has full control over how lottery winnings can be taxed The state legislature can produce laws surrounding these