Lottery Winnings: How Your Money Is Taxed
Any organization holding a raffle or bazaar in the Commonwealth must pay a 5% tax on the gross proceeds, which is an excise tax on wagering One-Day Bingo (
Are Seniors Exempt From Taxes on Lottery Winnings? do seniors pay taxes on lottery winnings in massachusetts
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Some states, such as California, don't tax lottery winnings But for other state lotteries, you'll be taxed at your ordinary income tax rate Most states
download gg poker No Social Security and Medicare taxes are only assessed on earned income Lottery and gambling winnings are not considered earned income The