Lottery Winnings: How much tax? How much can I give to family?
You are allowed to give away a total of $ million for 2023 or $ million for 2024 over your lifetime without paying a gift tax You
Smart strategies to minimize the tax implications of your lottery lottery gift tax
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Some states have income tax and will tax a portion of your winnings Others don't have a general income tax, but you'll still owe federal taxes A few states
lottery gifts Lottery winnings are taxed for the year in which they are collected, allowing winners who choose annuities to spread out the tax bill If you win a house, boat,
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