New Jersey Lottery Questions and Answers -

However, you don't need to declare prizes won in ordinary lotteries such as lotto draws and raffles If you win prizes as a game show contestant, you only

It's very important to pay the necessary taxes on lottery or prize money winnings in order to prevent fines and other legal repercussions Such

if i win the lottery how much can i give to family The following rules apply to casual gamblers who aren't in the trade or business of gambling Gambling winnings are fully taxable and you must report the

if a lottery winner dies who gets the money Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or