Do I need to pay tax on my winnings?

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Include gamblinglottery winnings on the line for Alimony and other taxable income on the MI-1040CR, MI-1040CR-2, or MI-1040CR-7 Follow us

Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings

lottery instant win The lottery and gaming credit is a credit that provides direct property tax relief to qualifying taxpayers on their property tax bills Lottery proceeds are

lottery result 6_00 baje 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