Smart tax strategies for lottery winners - Tax Insider

do you get lottery taxes back
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Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you've come to the right place!

The Income Earned: While the income tax liability on your regular income would depend on the tax-slab you are part of, all the winnings from For example, if you purchase a $ ticket that has a prize of $5,, taxes would not be automatically withheld because the gross proceeds are less than

minimum age to buy lottery ticket Lottery sales are already taxed yet they tax your winnings Same way some states make you pay annual property tax for property you were already Lottery sales are already taxed yet they tax your winnings Same way some states make you pay annual property tax for property you were already