How Taxes on Lottery Winnings Work

lottery winnings taxes
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Your local citytown may also require your lottery winnings to be taxed as income and this can result in another line of deduction from your

While the IRS automatically withholds tax on US lottery winnings, they won't do the same for foreign lottery winnings That doesn't mean they California, unlike some other states, does not levy income tax on lottery tickets purchased within its borders However, this doesn't mean

monopoly slot game In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal Is lottery & gambling income taxable? Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by