Are lottery winnings taxed based on the ticket date or the redemption

what are taxes on lottery winnings
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Not all money people use to buy lottery tickets already had taxes taken out of them One of the biggest problems with lottery is most of the

Prizes that are given in a competition or contest are not taxable gambling or lottery winnings if no advantage or inequality in amount or value is offered or

what''s more likely than winning the lottery While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding

what to do if you win the lottery in canada Who must pay Maryland income taxes on their winnings? Anyone who receives winnings from lottery games, racetrack betting or gambling must pay income tax