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Any age when you meet the requirement of must file a income tax return.
A dependent on another individuals income tax return would be required to file a federal income tax return and pay some federal income tax if unearned income gambling winnings, interest, rent. capital gains, etc of 950 or more of income reported on the 1040 income tax return.
Wiki User
∙ 14y ago
Wiki User
∙ 14y agoAge would not have any affect on the requirement that taxes be withheld from your lottery winnings as long as you are still living.
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Are elderly taxed less for nc lottery winnings?
Age will make no difference at all when it comes to the taxable status of lottery winnings. People sometimes think there is an age limit where they no longer have to file taxes, but there is no such limitation. Taxes are based strictly on income. You are allowed a slight increase in exemption when you are over 65 years of age, but that is the only age effect on income taxes.
What is the age requirement for playing the Illinois lottery?
If you have money, you can buy a ticket. If you are fortunate enough to win, you must be 18 years old (legally considered an adult) to receive the winnings.
Why is the legal age to play lottery 18?
Because you are not 'legally' an adult until you reach that age and that is the age that the lottery commission sets the age limit.
Can a person who is a notary play the lottery?
Of course, anyone of legal age can play the lottery. The exception would be someone who works for the lottery.
What is the legal age for playing the ohio's lottery?
18 years of age
What is the legal age to buy lottery tickets in Arkansas?
the legal age is 18 years of age
What is the gambling age in Maine?
the casino gambling age is 21 and the lottery gambling age is 18
Can a notary win the south Carolina lottery?
Of course, anyone of legal age can play the lottery. The exception would be someone who works for the lottery.
What is the legal age to play lottery in Idaho?
18.
Do people over the age of 62 have to pay taxes on NYS scratch off winnings?
There are no age exclusions for income tax of any type. Your age is irrelevant.
Legal age to sell a lottery ticket in Australia?
Sixteen
What is the legal age to sell lottery tickets in Pennsylvania?
18
