Mega Millions jackpot: How much will the winner pay in taxes

is the lottery taxed
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Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries,

is the national lottery tax free 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

is poker fun Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal