How are Lottery Winnings Taxed?

does tennessee tax lottery winnings
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Residents of Tennessee do not have to pay taxes on their Mega Millions winnings, since the state doesn't have an income tax The Volunteer State does have a

If you play the lottery, it pays to live in a state that foregoes an individual income tax An individual income tax

does the dealer play in poker Are prizes taxable? Yes The State of Tennessee does not tax lottery winnings, but prizes are subject to federal income taxes For more information, please

does lottery numbers have to be in order The lottery winnings are taxable income in the state where you bought the ticket The taxes you pay to that state on the winnings are eligible