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Do Seniors Pay Taxes on Lottery Winnings? Lottery winnings are considered taxable income for both federal and state tax purposes and must be

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, However, while UK lottery winnings are tax-free, if you choose to split your prize money with those closest to you, they may be required to pay

megablock 7th july How does the PA Lottery benefit older Pennsylvanians? Since the very first ticket was sold in 1972, the Pennsylvania Lottery has generated more than $ Do I have to pay taxes on winnings? You must pay taxes on Illinois Lottery prizes Be Smart, Play Smart® Must be 18 or older to play If you or someone