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do senior citizens have to pay taxes on lottery winnings

do senior citizens have to pay taxes on lottery winnings

Do Senior Citizens Have To Pay Taxes On Gambling Winnings? do senior citizens have to pay taxes on lottery winnings However, many retirees are uncertain about how these payments are taxed With tax season getting underway, filers have until 15 April to submit do lucky dips ever win Since cash lottery prizes are taxed as income, you may also owe state taxes Understanding how lottery gains impact your taxes helps you manage your winnings

dog house megaways slot demo You must report and pay income tax on all prizes and winnings, even if you did not receive a federal Form W-2G field_block:node:page:

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