Yep. but if you win, they get their money first. The odds would be better if you used the money to pay the taxes first though.
Some lotteries have such bad odds you are more likely to be hit by lightening more then once then win big.
If I win 1000.00 what do thay take out
If it isn't due yet, no
The State will not take your brother's lottery winnings, or the personal property he gives you from those winnings.
The State will not take your brother's lottery winnings, or the personal property he gives you from those winnings.
in michigan you have to pay city state and federal taxes it is taken out of your paymentif you dont have city taxes taken out of your check you must report it to the city if there is a city tax
The State will not take your brother's lottery winnings, or the personal property he gives you from those winnings.
The State will not take your brother's lottery winnings, or the personal property he gives you from those winnings
Honey, the government doesn't mess around when it comes to getting their money back. If you owe them student loans and hit the jackpot, you can bet your bottom dollar they'll be taking their cut faster than you can say "cha-ching." So, don't go blowing all your winnings on fancy cars and vacations just yet - those loans ain't going anywhere.
Remember, to enter a lottery you take the initiative to enter it. If you did not take the initiative, usually by buying a ticket, you have not entered it. Also, you do not have to send money in order to get your winnings in real lotteries. If they ask for money in order for you to receive winnings, it is a scam. So, delete the email.
because it was a source of income and me be repoted to the irs
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.
If your in collections and have judgments than I think anyone can take out of it. If you won why not pay them off?