taxes,question...

Reply #3

Miss Bee — Tue, 24 May 2005 20:29:28 GMT

save scratch off tickets also if you find them anywhere you can claim the same amount of losses as winnings up to a certain amount, it helps if you have some proof, though.

Reply #2

LOTTOMIKE — Tue, 24 May 2005 19:23:21 GMT

thanks thomas i appreciate it....

Reply #1

Thomas Covenant — Tue, 24 May 2005 19:21:11 GMT

That depends on your total income. Lottery winnings are treated as ordinary income. So if you made $30,000 in your regular job, you add the winnings to it at the end of the year.

taxes,question...

LOTTOMIKE — Tue, 24 May 2005 19:09:08 GMT

as you know since the cash 4 started last month i have hit twice straight.both times i won 2,500.i haven't started saving tickets yet but i'm going to start because i just now found out about saving losing tickets.what could i expect to pay on winnings so far if i had just these two wins