Tax on Lottery Winnings by State 2023
Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no
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Yes, lottery winnings can be legally shared with family or friends However, the full amount is initially taxed at 30% before distribution If
how far in advance can you buy lottery tickets uk Tax on winning the lottery, puzzle, card games, betting, & horse races is % The winner can't claim deductions or expenses on such