Winner Of $ Billion Lottery Gets $ Million After Tax

how much tax do they take out of lottery winnings
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Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The

Tennessee does not tax lottery winnings Individuals who win the lottery in Tennessee are not required to pay state taxes on their winnings However, they

how to buy american lottery tickets online You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize

how to tell if a slot machine is going to hit The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes