Lottery Taxes

Reply #10

mjwinsmith — Wed, 07 Jan 2009 17:17:38 GMT

MrBobb, you do have other options, join my Player's Club and you will be able to play in other states.

Send me a PM {Private Message} and request an application to join. Thanks

Michael

Reply #9

GamerMom — Wed, 07 Jan 2009 17:06:43 GMT

yw

I live about 20 minutes away from the florida line...I work from home and get bored often so it's a fun little drive for me.

With Riley initiating this anti-gambling task force i don't think we will get a lottery any time soon. We are supposed to have something built called Country Crossings (http://www.countrycrossingalabama.com/) down here, it's a music venue with electronic bingo to help fund it but Riley has scared away most of the investors. Let's just say most people down... [ More ]

Reply #8

MrBobb — Wed, 07 Jan 2009 16:56:58 GMT

You're welcome! Thanks for the drinks!

Since we'll never have a lottery here in Alabama, we don't have many options for playing. It's great that you can play in FLA. I wish I could, but it's more than 3 hours to drive to the FL state line. TN is more than a 2 hour drive, and GA is the closest for me at 96 miles. We have family in GA that we go to visit once in a while, so I play then.

Reply #7

GamerMom — Wed, 07 Jan 2009 03:38:15 GMT

Note to self: Don't play lotto in georgia.

Thanks Bobb, that was very informative

Reply #6

MrBobb — Wed, 07 Jan 2009 03:31:01 GMT

I live in Alabama, too. If you have lottery winnings over $600 from another state and are issued a IRS Form W-2G from that state (for Federal Tax purposes), you are required to pay Alabama income taxes on your winnings - even if you don't pay taxes in Florida. See the section Examples of Income You MUST Report on page 7 of the tax instructions - http://www.ador.state.al.us/incometax/2008_forms/08f40bk.pdf:

Prizes and awards (contests, lotteries, and gambling winnings).

Actually, you are... [ More ]

Reply #5

myturn — Tue, 06 Jan 2009 09:48:25 GMT

If I win a major prize, is it tax-free?

There is no tax payable on any prizes paid by NSW Lotteries.

In Australia, all lottery prizes are tax free.

Na Na Nah Nah Na Na Nah Nah

Reply #4

KY Floyd — Mon, 05 Jan 2009 08:55:39 GMT

That's not how it works in Michigan or any other state. Each state has the right to tax income from that state, and they have the right to tax income earned by residents of the state, regardless of where the income is earned. Whether it's income from a job or income from gambling, the state where the money is won will tax that income (assuming that state has an income tax, and taxes it's own lottery winnings). That income will also be treated as taxable income in the state of residence, but the... [ More ]

Reply #3

GamerMom — Mon, 05 Jan 2009 00:41:06 GMT

so let me get this straight...

I live in Alabama, which has a state tax but play lotto in Florida, which does not.

If I win the lottery i would not have to pay Alabama state taxes on my winnings because the money was not earned in the state of Alabama

Reply #2

psykomo — Sun, 04 Jan 2009 23:07:03 GMT

WELCUM NEW MEMBER 2-D-world!!!!!

If I buy GAS in TEXAS travel 2 OHIO thru ALL !!!

those outher STATE'$$$$$$

1 or 2 of them otter state's RAISE's DAR tax during D year I TRAVEL????

DO I have 2 mail a chech 2 each state I BOUGHT GAS???????

ask YOUR TAX accountant

Reply #1

Piaceri — Sun, 04 Jan 2009 16:14:34 GMT

Each state taxes money earned that that state. Money earned outside the state is exempt - as I understand how Michigan income taxes work.

But when you do win PB, contact a tax specialist to be sure.

Lottery Taxes

DelmarvaChick — Sun, 04 Jan 2009 15:55:21 GMT

Not that it would matter much because any jackpot amount would be signifigantly more than any amount of money I have now but....

I live in Ohio and we have MM. If I played PB in another state, like Indiana or West Virgina or something, would I have to pay their state taxes on the jackpot and Ohio taxes or just the taxes for the state where I bought the ticket