When buying a lottery ticket, is it the same as paying taxes?

is lottery money tax free
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The lottery and gaming credit is a credit that provides direct property tax relief to qualifying taxpayers on their property tax bills Lottery proceeds are

A Amount to be withheld The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of

is lottery winnings considered income All prizes listed below are reported as the pre-withholdings amount, as this is taxable income the player must report on their returns to be subject to taxation

is there a way to predict lottery numbers No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?