California lottery scratchers tax on winnings question https://www.lotterypost.com/thread/306096 Lottery Post Forum Topic: California lottery scratchers tax on winnings question en-us Lottery Post RSS Generator Reply #7 https://www.lotterypost.com/thread/306096/4744874 https://www.lotterypost.com/thread/306096/4744874 Thu, 18 Aug 2016 19:34:48 GMT Hadla13 I have no idea... And I don't know how much I spent on them.

]]> Hadla13 Reply #6 https://www.lotterypost.com/thread/306096/4744237 https://www.lotterypost.com/thread/306096/4744237 Thu, 18 Aug 2016 07:32:16 GMT Iborret Can you deduct gambling costs on your taxes? Say you spent $1,000 on scratchers that year, could you put that as a deduction and how

]]> Iborret Reply #5 https://www.lotterypost.com/thread/306096/4743627 https://www.lotterypost.com/thread/306096/4743627 Wed, 17 Aug 2016 21:50:54 GMT Redd55 I read how some people collect discarded tickets and enter the maximum monthly amount or more if they have family members signed up. I think like with MM/PB you just have to have 1 entry to win. Or at least I hope so! Like you I enter about 20-25 a week but have stopped buying them. I just try to have an entry each week. Scratchers entries are up and are averaging about 20 million per week. This must be due to the ability to use a phone to scan the entries in because it is sure not due to the gr... [ More ]

]]> Redd55 Reply #4 https://www.lotterypost.com/thread/306096/4743533 https://www.lotterypost.com/thread/306096/4743533 Wed, 17 Aug 2016 20:36:06 GMT Hadla13 Thanks :) I guess it was around 20-30 a week for a few months, but now I'm not buying any more. Just found out it was a ticket I entered on July 31.

]]> Hadla13 Reply #3 https://www.lotterypost.com/thread/306096/4743423 https://www.lotterypost.com/thread/306096/4743423 Wed, 17 Aug 2016 18:49:00 GMT Redd55 Congratulations!

I suspect they withhold 25% for the feds and if you owe more come April 15, you owe more.

But, tell us - how many entries do you make a week on second chance scratchers

]]> Redd55 Reply #2 https://www.lotterypost.com/thread/306096/4743191 https://www.lotterypost.com/thread/306096/4743191 Wed, 17 Aug 2016 16:14:58 GMT Hadla13 Well I've always recieved refunds so I don't know how I would calculate this. I thought they take a set amount off the $5000...

]]> Hadla13 Reply #1 https://www.lotterypost.com/thread/306096/4743052 https://www.lotterypost.com/thread/306096/4743052 Wed, 17 Aug 2016 14:13:55 GMT gy65 Unclear how much research you have actually done?

Shouldn't be too difficult to add another $5,000 to your estimated 2016 income to calculate what your federal tax liability will be

]]> gy65 California lottery scratchers tax on winnings question https://www.lotterypost.com/thread/306096 https://www.lotterypost.com/thread/306096 Wed, 17 Aug 2016 01:32:14 GMT Hadla13 Hi, found out yesterday that I won in the second chance drawing from scratchers! I can't seem to find any info on how much I will get taxed... I won $5000 and I'm seeing anywhere from 25-40%. If anyone here has experience with the ca lottery, I'd greatly appreciate it! Thanks in advance

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