How to Share Lottery Winnings With Family

gifting lottery winnings
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gifting lottery winnings Congratulations! · In Australia, lottery winnings are classified as tax-free income · This includes all prizes won through Golden Casket, NSW Lotteries, Tatts,  US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal  “While lottery tickets make for fun gifts for adults, they are not appropriate as a gift for minors,” says Adam Prock, executive director of the Minnesota

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