Taxes on Lottery & Gambling Winnings: What You Need to Know

can you write off lottery tickets
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you write a check to the church for a tithe doesn't mean you are off the hook The Lottery Ticket Whether you have $9 or $900,000 left 164 What Do YOU Think?

However, no such deductions can be claimed to reduce the winnings A TDS of % is charged irrespective of the deductions you are eligible for

can you use losing lottery tickets on your taxes However, you don't need to declare prizes won in ordinary lotteries such as lotto draws and raffles If you win prizes as a game show contestant, you only

can you play poker without money can only be ascertained after the expense of doing the business is known The expense budget covers the expected expenditures from each sales dollar ( or