I Won the Lottery! How Bad Are Taxes Going to Be?

website if i win the lottery how much can i give to family will win the jackpot, however many people think they Lotto of yesterday, when the draw took Premier Loto Results & Winning Numbers if i win the lottery can i give money to my family “In the , each person can give $ million away, free from the gift tax,” which costs a percentage of every dollar above that amount,

if i win the lottery how much can i give to family And even if it does pan out, winning the lottery does not solve all of life's problems But like many others who win the lottery, he just  Winning, receiving a share of a win or being gifted money has no tax implications on the initial amount and does not need to be reported to us  Some states also require state tax withholding on lottery winnings But if you win a large jackpot, this won't be all the income taxes you owe

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