Tax On Lotto Winnings . Tax on Lottery Winnings in India. Section 194B of IT Act. Simply input your lottery winnings, state of residence, additional annual income (optional), and tax filing status to see a breakdown of potential federal and state taxes and your estimated net payout. Lottery winnings are not considered earned income, no matter how much work it was purchasing your tickets
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However, since lottery winnings are considered ordinary taxable income, the total amount you owe will depend on your overall annual income. Then, you will need to add the win to your personal income - see below.
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