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if you win the lottery is it tax free

if you win the lottery is it tax free

Powerball Jackpot Winner Will Get a Hefty Tax Bill if you win the lottery is it tax free For example: In Germany lottery wins are tax-free This is only the win itself Any earnings from the win are due to income-tax As germany does if a lottery winner dies who gets the money State lottery winnings are reportable to the IRS where the State agency conducting the lottery requires a winner to complete federal Form W-2G, Certain Gambling

if you win 10 million in a lottery how much is taxed Although the winnings itself is tax-free There are some taxes to pay after you get the winnings The tax people always get their cut, doh!

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