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why are lottery winnings taxed

why are lottery winnings taxed

Taxes on Lottery & Gambling Winnings: What You Need to Know why are lottery winnings taxed You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes · Most tangible why pi kyc slot is not available Your local citytown may also require your lottery winnings to be taxed as income and this can result in another line of deduction from your

why does alabama not have a lottery If a sole winner of Saturday's prize is taxed up to 37% and lives in a state where the only taxes required are federal, they will take home an

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