do you pay income tax on lottery winnings
Are gamblinglottery winnings subject to Michigan individual income
do you pay income tax on lottery winnings
do you pay income tax on lottery winnings
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do you pay income tax on lottery winnings Lottery winnings are considered income and, like most other forms of income, are subject to taxation The Internal Revenue Service Lottery winnings are not taxed twice Under both the federal and state tax system, they are considered ordinary taxable income You pay tax on your winnings Everyone knows that winners must choose between a lump sum payment and installment payments, but where you purchase your winning ticket also