Lottery Winnings
Lottery Winnings
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This form reports the amount of your Lottery winnings and must be filed with your federal income tax return You should also keep a copy for your records
How are Lottery winnings taxed? All Lottery prizes, regardless of the amount, generally are considered as income by the state and federal government For Lottery winnings also count as income, so by winning the jackpot, the ticketholder has been pushed into the 37% tax bracket for those with
kerala lottery result chart 2022 Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37% Yes Lottery winnings are treated the same as money earned from a job When you file your taxes, you'll need to report the lottery winnings as
