Who can you give your lottery winnings to?

Who can you give your lottery winnings to? are lottery winnings tax free Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no are poker chips worth money A: Effective August 13th 2018, lottery winnings are subject to taxation Q: What is the rate of tax? A: Ten percent

are poker chips worth money Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a

are slot machines legal in california Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and For federal purposes, report your total winnings on your Form 1040 Schedule 1 and report all your losses (cost of buying all your tickets for the taxable