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do you get taxed on winning the lottery

do you get taxed on winning the lottery

Winning the Lottery: Dream or Nightmare? do you get taxed on winning the lottery You must report and pay income tax on all prizes and winnings, even if you did not receive a federal Form W-2G field_block:node:page dog play poker If an individual receives a lottery win in Australia it is generally deemed a one off prize and not taxable The website advises

double double bonus poker strategy chart Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare the winnings in your Income

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