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Do you pay tax on lottery winnings? do you pay tax on a lottery win An individual can give away up to $17,000 to someone without triggering gift taxes But if you win a $1,000,000,000 lottery? And then you give dominicana lottery Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

do casinos cheat on slot machines Lottery winnings are considered ordinary taxable income by the IRS Even if an installment winner sells the future income stream to another