Do I need to pay tax on my winnings?

Winnings are subject to federal and state income taxes Most tangible prizes like cars and homes are taxed at their fair market value Lottery winnings are

Lottery earnings are subject to federal and, sometimes, state taxes, according to the USA Mega website For example, California residents won't

is a pair of aces good in poker You cannot deduct losses you claim as itemized deductions on Form 1040, Schedule A Please note: If you were a Massachusetts resident for part of the tax

istana slot A: No The tax will be deducted from your winnings and paid by the National Lotteries Board to the Board of Inland Revenue Q: Who