New York stAte LotterY wiNNers whAt Are mY tAx respoNsibiLities For

New York stAte LotterY wiNNers whAt Are mY tAx respoNsibiLities For lottery winnings taxable
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lotterysambadyesterday You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize

lottery a1 Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no That's because lottery winnings are generally taxed as ordinary income at the federal and state levels In fact