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Do you have to pay tax on a lottery win?

Do you have to pay tax on a lottery win?

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A 20% tax is applied to winnings that exceed the equivalent of €500 The Lottery Office will pay you the exact amount of after-tax winnings collected from the

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north carolina slot machines No Your lottery winnings are classified as ordinary income, and will be taxed by both the federal and state agencies at the appropriate rate  Lottery For Taxable Year Date Amount All prize winnings in the Virgin Islands Lottery for the taxable year must be included on your income tax return

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