Gambling and Lottery Winnings
Before the winner receives any of the money, however, the IRS automatically takes 24% of the winnings The rest of the winnings are expected to be paid by the
Lottery Winnings: How much tax? How much can I give to family? how much tax is taken from lottery winnings
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Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries,
how many slot machines in las vegas While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding