What Taxes Are Due on Gambling Winnings?

how to avoid taxes on lottery winnings
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Depending on the size of your winnings, donating some of the jackpot to charity should reduce your tax bill You'll have to itemize, but if the

Income that is not taxable You will not have to pay tax on: lottery winnings and other prizes; some government grants and payments; child support; the tax

how to play lottery numbers On the other hand, if you want to avoid a hefty tax bill, consider splitting your winnings into annual payments For example, let's say you decided to take your

how many deck of cards in poker The best answer, already given, is to consult a tax attorney before cashing in the lottery ticket It's not income until you cash it in Take