Won the lottery? What to do if you take home the Lotto 649 jackpot

website does winning the lottery count as income Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a does lottery winnings get taxed Key Takeaways · 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

does winning the lottery count as income Most people think lottery winners end up miserable and bankrupt But that's not true Winners report greater life satisfaction and most  It doesn't stop there — winning this jackpot would put the winner in the highest tax bracket, in which income is taxed at 37% So when the  You're a lottery winner Now you're probably wondering, is my prize taxable? In Australia, lottery winnings are classified as tax-free income This includes

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