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Net lottery winnings are the total amount of winnings that remain after subtracting the cost of the lottery ticket The exact amount of tax
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Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no
canada dv lottery 2025 registration A: For residents and resident aliens, percent in federal and state withholding taxes is deducted for every Lottery prize over $5,000 Current federal tax
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