Can you win the lottery and not have to pay taxes on it? If so

paying taxes on lottery winnings
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Like all other taxable income, the IRS requires you to report prizes and winnings on your tax return, too That means you might have to pay

Before paying lottery The federal requirements to file information returns and withhold federal income tax from gambling winnings

nc lottery scratch off If this were allowed, virtually no one would have to pay tax on ordinary income; any such income could be packaged, assigned, and transformed into capital gain

play dr slot online Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,