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What is the Chinese lottery called?
Only two types of lottery are legal in China, welfare lottery and sports lottery. For more information on en.starlott.com. en.starlott.com is the first portal website of China lottery, providing China lottery, China national lottery, China Lotto, lottery news, winning numbers, jackpots... PAKAPOO
What does lottery mean?
Lottery is like a raffle which is held basically every weekend
Do you have to pay federal taxes?
If you have taxable income, yes.
Who made the lottery?
It depends... Emperor Cheung Leung invented the Chinese lottery. Different people in different civilizations at different times.
Can a individual run a lottery for profit?
In most places it is considered gambling and is illegal. Not for profit organizations can obtain permits from the state to run a lottery.
Will winning the lottery effect your Social Security benefits?
Lottery winnings will NOT count as a part of your earned income for the earnings test amount because the winning amount from the lottery is NOT earned income. Yes the amount of the lottery winnings will affect how much of your social security benefits will become taxable income on your 1040 income tax return. Depending on the total amount of all of your other gross income including the lottery winnings from 50 % to 85 % of your SSB can become taxable income on your federal income tax return at your marginal tax rate.
Can you bequeath lottery winnings in Michigan?
Are you talking about after death? The winnings would just become an asset of the estate and go to whomever is designated to receive them from the deceased. If it is before death, the money could be a one time non-taxable gift.
Do disabled veterans in New Jersey pay taxes if they win the lottery?
No. Your lottery winnings will be reported on your 1040 federal income tax return and the taxable amount will be subject to the income tax at your marginal tax rate.
Can you bequeath lottery winnings by will in Ohio?
According to the information at the link below your heirs are entitled to any unpaid lottery winnings.
How do you claim losses on lottery winnings?
Since winnings are the opposite of losses, your question is very confusing. Perhaps your lottery winnings were stolen. If so, you can report the theft to the police.
Can a convicted felon or someone on full disability receive Ohio Lottery winnings?
Yes. Both are utterly irrelevant to lottery winnings.
How much taxes do you have to pay on your ca lottery winnings?
California does not tax have a state income tax on lottery winnings. The federal withholding rate amount is 25 % to be withheld from the winnings amount.
Do Pennsylvania residents have to pay taxes on sweepstakes winnings which are not gambline or lottery winnings just a prize from a business contest?
Yes....and lord knows how you draw the line differently from a sweepstake or lottery. It isn't how you won it, (a card game, slot machine, buying a ticket, or having a number drawn out of a hat) it is what it is - winnings. Winnings are ordinary income. You will pay taxes at whatever rate is determined by your total taxable income. If you can itemize, gambling losses are 100% deductible up to the amount of winnings. Don't forget those lotto tickets!
Do your heirs get your annual lottery winnings?
yes
Can you sue your souse for lottery winnings?
Yes.
Do you have to add spouse on lottery winnings in Delaware?
no
What does the government do with the taxes from lottery winnings?
Taxes on lottery (or gambing, etc) winnings are the same as any other ordinary income in both amount and use.
