I Won the Lottery! How Bad Are Taxes Going to Be?

Ways to reduce tax due on lottery & other gambling winnings how to not pay taxes on lottery winnings Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal how much taxes taken out of lottery winnings The only exception to paying tax is that the amount donated partially or wholly to the government is not taxable How should winnings from

how to read poker hands If you itemize deductions and have proper documentation, you may be able to deduct gambling losses to offset your winnings, but not to reduce