Gambling and Lottery Winnings

does lottery winnings count as income
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Lottery winnings are considered to be gambling winnings, which are part of your taxable income The government wants its' share of your lottery winnings There

As previously mentioned, you have to pay federal income tax on lottery winnings Right off the bat, lottery winnings over $5,000 are subject to

does 711 sell lottery tickets Do I still have to pay Yonkers income taxes? A: When you change your status The lottery prize payment is gambling winnings taxed as ordinary income

does a straight beat three of a kind in poker Do I still have to pay Yonkers income taxes? A: When you change your status The lottery prize payment is gambling winnings taxed as ordinary income