Michigan - Lottery and Gambling - Sales and Use

is there tax on lottery tickets
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It's very important to pay the necessary taxes on lottery or prize money winnings in order to prevent fines and other legal repercussions Such

Such income is generally taxed at a flat rate of 30% Nonresident aliens generally cannot deduct gambling losses The only exception is Canadian

is there a second lottery for h1b 2024 The tax is usually deducted at source by the lottery distributor before you receive the payout 2 Can lottery winnings be legally shared

is the lottery gambling If a player wins more than $5,000, an additional 24 percent federal withholding tax will be withheld when the prize is claimed What tax information is provided