how to not pay taxes on lottery winnings

do you pay taxes on lottery winnings every year
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No If you take the lump sum, you pay federal and state income tax on it for the year in which you won In subsequent years

When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal Shareholders, partners, or members in pass-through entities receiving income from gambling or lottery activities are subject to personal income tax on their

talking stick resort poker You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize Just remember that your good fortune includes a responsibility to pay taxes and fees on those winnings Gambling Winnings: In 2018, Governor