Question

 Can you claim lottery scratch-offs on your taxes?

Answer The Internal Revenue Service says you can deduct gambling losses against gambling winnings if you itemize deductions. Losses cannot exceed winnings. You must also keep records of wins and losses, s... Read More »
http://www.answerbag.com/q_view/2054659

Top Q&A For: Can you claim lottery scratch-offs on your taxes

How to Win More Scratch Offs?

Lottery tickets in general don't have great odds, but there are a few ways to up your chances of winning on a scratch-off ticket. Here's how to do it.
http://www.wikihow.com/Win-More-Scratch-Offs

How to Win More Scratch Offs Without Doing Any Math?

There are a couple of techniques that can increase the amount of money you win on scratch offs without having to do any math.
http://www.wikihow.com/Win-More-Scratch-Offs-Without-Doing-Any-Math

Do I have to pay taxes on a lottery win if I am over 70?

Everyone who is a U.S. citizen must pay taxes on a lottery win, regardless of their age. Even if someone is over 70, the tax law still applies as long as the lottery winner is a U.S. citizen.Sourc... Read More »
http://www.answerbag.com/q_view/2112196

Do senior citizens have to pay taxes on Massachusetts lottery tickets?

Yes the same as anyone else they would have include the lottery winnings on the 1040 income tax return and the the amount will be added to all other gross worldwide income and taxed at the marginal... Read More »
http://wiki.answers.com/Q/Do_senior_citizens_have_to_pay_taxes_on_Massachusetts_lottery...


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