Lottery Tax Planning for a Billion Dollar Drawing

The Michigan Lottery was initiated under the authority of Public Act 239 in 1972, and collects funds to support Michigan's public school system

You don't have to win the big jackpot to owe lottery taxes Your winnings are considered taxable and are added to your ordinary income when

michigan lottery for this evening The Michigan Lottery does not withhold taxes on prizes $600 or lower · Winners of individual prizes great than $600 will receive a W-2G form

michigan lottery keno to go It was seen as a way to raise state revenue, particularly for education, without increasing taxes The Michigan Lottery was created in 1972, and