Tax on Winning Game Shows & Lotteries

A: Yes, foreign lottery winnings are taxable by the IRS in the US Do remember that

However, the IRS will scrutinize shared lottery arrangements and assert gift taxes when such arrangements do not pass muster Tonda Lynn and her relatives found

dogs play poker Not only are the lottery winnings taxable income to the winner, which will be taxed at a marginal rate of 35%, if the winner tries to share them

download slot games free Whoever wins a Mega Millions jackpot will still take home a good chunk of change, but they can say goodbye to at least 24% of their winnings right away