12 сент. 2023 г. · Yes. Anybody who wins a lotttery or casino jackpot over 1200 bucks is subject to paying taxes over that amount, including senior citizens. Do elderly people over 70 years old have to pay tax on lottery ... Who is exempt from paying taxes on lottery winnings? - Quora What age do you have to be in Georgia in order not to pay ... Do senior citizens pay tax on lottery winnings? - Quora Другие результаты с сайта www.quora.com

Part-year residents are taxed on gambling and lottery winnings received as a Massachusetts resident. Nonresidents are taxed on gambling and lottery winnings ... Overview · Gambling Winnings · Lottery Winnings

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5 июн. 2024 г. · No. Social Security and Medicare taxes are only assessed on earned income. Lottery and gambling winnings are not considered earned income. The ...

22 сент. 2022 г. · Not necessarily. The IRS views lottery winnings as gambling income. This means that elderly individuals still need to pay taxes on lottery ...

For prizes of more than $600, 5% is withheld and sent to the Massachusetts Department of Revenue. For prizes $5,000 and greater, 24% of the prize is withhel ... Не найдено: seniors | Нужно включить: seniors

16 мая 2021 г. · Yes, they have to pay tax on lottery winning. Although, winning from lotteries is part of total income the same taxable at 30% + Surcharge+ ...

21 мар. 2024 г. · Eight US states currently don't tax lottery winnings. But remember, these states still have to withhold federal taxes from your prize. Here they are.

7 июл. 2007 г. · You can expect 25% federal withholding, and 5.3% for MA state. However,, you can also expect to pay an additional 10% at tax time. Discover more ...