Lottery and Gaming Taxes

lottery taxation
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US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes, Is lottery & gambling income taxable? Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by

3 pair poker Colorado Department of Revenue is the state agency for DMV, Gaming, Liquor Enforcement, Lottery, Marijuana, Natural Medicine, and Taxation Divisions  Congratulations! You're a lottery winner Now you're probably wondering, is my prize taxable? In Australia, lottery winnings are