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gifting lottery winnings
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Yes Gamblinglottery winnings are subject to Michigan individual income tax to the extent that they are included in your adjusted gross income The Michigan

Lottery winners may make tax-free gifts to any number of individuals as long as the total amount given to each beneficiary in a year does not How Are Lottery Winnings Taxed? The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket,

jili 777 slot casino The short answer is no Lottery winnings are not regarded as taxable income But there are indirect ways where your winnings could be taxed  The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes