Lottery Winnings: How much tax? How much can I give to family?

Lottery Winnings And Gift Taxes can you gift lottery winnings You won! Many people dream about winning the National Lottery Some even start imagining how they might spend or invest the money if they did win but can i start my own lottery This is legal only up to the annual exclusion limit, or else it will need gift tax liability Making yearly gifts in this fashion is a good way

can you play lottery with debit card That means that your generosity could cost you: “If you had a big winning and say, 'Mom, I love you, here is your $20 million reward for having