Taxation: The Taxman Cometh: How Lottery Winnings are Taxed

how do taxes work on lottery winnings
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The tax shall be withheld on the entire amount of the prize, not merely the amount in excess of $5,000 The tax must be withheld by the Lottery Department on

Although you don't have to pay taxes on your lottery winnings, there are a number of things to keep in mind once the money has been sent to you

how much are lottery winnings taxed Winning the lottery can be a life-changing event, but it also brings a significant financial responsibility, including potential tax

how many slot machines in las vegas Although you don't have to pay taxes on your lottery winnings, there are a number of things to keep in mind once the money has been sent to you