Smart tax strategies for lottery winners - Tax Insider

website if i win the lottery can i give money to my family Additionally, if you are sharing your good fortune with family and friends, you'll want to avoid paying a gift tax You can gift up to $18,000 if i won the lottery the first thing i''d buy would be Remaining anonymous after winning the lottery is the right move for several reasons, primarily privacy and safety Coming into a large amount of money will

if i win the lottery can i give money to my family If you want to share your winnings with your loved ones, Wrigley advises against just handing over the cash as a gift Instead, he said, put it  The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes  Depends on how much I won I'd definitely give my family some but not really sure about friends, I'd rather just buy them something they want (

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