Publication 140-W - FAQS: New York State Lottery Winners -

Publication 140-W - FAQS: New York State Lottery Winners - is the lottery tax free Are lottery tickets tax-deductible? Yes IRS rules for gambling losses apply to lottery tickets The cost of those tickets can be taken as an is party poker down You cannot deduct losses you claim as itemized deductions on Form 1040, Schedule A Please note: If you were a Massachusetts resident for part of the tax

is party poker down Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries,

isrd021 Prizes that are given in a competition or contest are not taxable gambling or lottery winnings if no advantage or inequality in amount or value is offered or Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk