New Jersey Lottery Questions and Answers -

website how is lottery winnings taxed Yes Gamblinglottery winnings are subject to Michigan individual income tax to the extent that they are included in your adjusted gross income The Michigan how to get lottery tickets You may receive a Form W-2G, Certain Gambling Winnings and have federal income taxes withheld from your prize by the gambling establishment if

how is lottery winnings taxed Because the government is greedy as hell Lottery sales are already taxed yet they tax your winnings Same way some states make you pay annual  The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes  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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