lottery tickets; in lieu tax

In addition, the Lottery is required to report to the IRS gambling winnings that are $600 or more, and

The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

are slot machines worth it These lotteries generate revenue for the government, and there are different rates of taxation based on the type of ticket purchased If you win

are there any poker sites for real money Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%