Should your gambling winnings be taxed? - intheblack

tax on lottery winnings australia
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No, lottery winnings are not taxable in the You will of course have to pay tax on the interest that you receive on any invested money, or

Generally, if someone wins a raffle, Lotto or prize money in a draw, these winnings are not taxable Similarly, prize money from a dog

taxes on 1 million lottery 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 Most tangible

taxes lottery winnings The Lott advises that “once your prize is in a bank account, any interest earned on your prize is subject to income tax for both you and any