Lottery Winnings

Your Tax Refund or Lottery Money Was Sent to the EDD - irs lottery tax But even the winners can be losers if they don't pay their taxes! Any money you win while gambling or wagering is considered taxable income by the IRS as is the irs tax on lottery winnings Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings

irs lottery tax A: Yes, foreign lottery winnings are taxable by the IRS in the US Do remember that