Taxation: The Taxman Cometh: How Lottery Winnings are Taxed
Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no
What are the tax implications of winning money or valuable prizes? federal tax lottery winnings
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When a lottery prize is claimed by a group, family unit, club or other organization, the multiple winners will be required to file an Internal Revenue
federal taxes on lottery winnings That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and