Is lottery tax free?

Answer Lottery winnings over $600 in the United States are not tax-free. Taxes on the lottery can be up to 38 percent. This includes any lottery played by a United States citizen, even those players outsi... Read More »

Top Q&A For: Is lottery tax free

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

How much do you actually get when you win the lottery?

How much you actually get when winning the lottery depends on the amount won, the type of payment and the tax rate in your state, according to Motley Fool. Federal and state taxes can eat up more t... Read More »

What should you do if you win the lottery?

On One Hand: Invest your moneyThe first thing to do if you win the lottery, after jumping up and down and screaming, is to hire a good financial and legal adviser. You will need to learn how to man... Read More »

We've won the lottery! What should we do!?

Well, if you insists on buying something, then get matching hats for the girls (as hats can be worn longer then clothes) and a cute mug for your mom (and make her some hot drinks for her middle-of-... Read More »