Are my lottery tickets tax deductible?

website are lottery tickets tax deductible You have to report the winnings on your tax return Whether or not you pay taxes on it depend on your other income and deductions If you don't area789 slot State lottery winnings are reportable to the IRS where the State agency conducting the lottery requires a winner to complete federal Form W-2G, Certain Gambling

are lottery tickets tax deductible Is my ticket purchase tax deductible? No, lottery tickets are not tax deductible as per Canada Revenue Do I have to pay tax on any winnings? Lottery  Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal  The winnings are subject to a flat tax rate of 30% without any deductions The tax is usually deducted at

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