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

Answer 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 »

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Can you claim lottery scratch-offs on your taxes?

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 »

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 »

Federal & State Taxes on Lottery & Powerball Winnings in Louisiana?

Winning the jackpot in a Louisiana Lottery or Powerball drawing is obviously a great feeling. But winners should be aware that they may not be taking home the full amount. The federal and state gov... Read More »

I got message for winning lottery from UK international Lottery. Is it true?