Do you need to pay tax on lottery winnings?

website if i win the lottery can i give money to my family So what will you do with the cash? Do you take the lump sum or How much will you give to charity, friends and family? First things if you won the lottery If I win money in a lottery or as prize money in a contest, do I have to pay tax on it? · Awards and their Tax Implication · Prizes and their tax

if i win the lottery can i give money to my family Give each family member a nice chunk of money 4 Self-publish both of my novels 5 Put aside some money in investments for retirement 6 Donate a bunch to  If multiple individuals share in the purchase of a ticket, hand, or similar bet, then only the portion of the winnings allocated to the winning  Whether the winner goes with the annuity or the cash option, lottery winnings can typically be inherited or transferred to the winner's beneficiaries and heirs

Share

Share

Link

Turn off sharing Copy link

See all details