New Jersey Lottery Questions and Answers -

can you claim losing lottery tickets on your taxes
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Massachusetts allows you to deduct the cost of any winning ticket or chance from the winnings you received from it, reducing your taxable lottery and gambling

Unfortunately, most people don't itemize So, if you claim the standard deduction, you're out of luck twice — once for losing your bet and a second time for The Internal Revenue Service allows you to deduct gambling losses if you're a casual gambler who doesn't work in the gambling industry

best in slot you can never show a net gambling loss on your tax return You also spent $50 per month buying lottery tickets, but had no winners, and Only one signature can be on the winning ticket It is For more information, see the Wisconsin Lottery's How to Claim a Prize webpage