Lottery Winnings: How much tax? How much can I give to family?

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

Lottery Winnings: How much tax? How much can I give to family? Go to a lawyer and have them send letters to each person saying some money has been left to them in a trust account I'd send one to myself as

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

how to play on slot machines taxes jointly, won't he be just as obligated to pay taxes on this money? Hope you are putting some aside for the tax man If not, I know I'd

family trust that could come into play with the winnings Story lottery winners paying substantial amounts in tax on their winnings

how much does a casino slot machine cost Taxation on gifts is covered by section 56 of the Income Tax Act Any gift received with or without consideration in excess of ,000

You can gift any amount of winnings to other people free of tax without them facing tax implications Typically, individuals share their winnings with their