Do I Have to Pay Taxes on Lottery Winnings?

do seniors pay taxes on lottery winnings in massachusetts
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No Social Security and Medicare taxes are only assessed on earned income Lottery and gambling winnings are not considered earned income The

Yes, they have to pay tax on lottery winning Although, winning from lotteries is part of total income the same taxable at 30% + Surcharge+ Seniors cannot be exempt from any form of lottery taxes · There are avoidable taxes like the gift tax · Seeking professional help can save you

what is the euro lottery jackpot tonight Goffermann collected her prize and opted for the cash payment of $390,000 on Dec 18, at the Massachusetts State Lottery While seniors are exempt from certain types of taxes, like property or income taxes, under specific regulations, they cannot remain exempt from