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North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
All I know if I don't do enough charitable donations I pay taxes.
May 27, 2024, 11:30 am - Bleudog101 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
What does that last paragraph mean? You don't pay taxes on lottery wins of $600. AFTER $600 you do pay taxes. OTOH, though not sure where this going (with the mess of our so called leaders in DC) the casino lobbyists want to increase the taxable amount from $1200 to $5000 to, as they say, adjust for inflation. I have yet to find any lottery lobbyists out there, if they exist that is.
May 27, 2024, 7:42 am - Bleudog101 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
Your tax guy does not sound like he is helping you. Put money into an IRA or roth IRA so you can keep more of your money. You can also pay estimated taxes online quarterly.
May 27, 2024, 11:53 am - Artist77 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
??? It is not double taxation. You report on your return the taxes that were withheld by the casino or lottery. The withholding was on your behalf.
May 27, 2024, 8:08 am - Artist77 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
All lottery winnings are taxable. If you win $300 a week every week, it is still taxable and reportable on your tax return. Lottery wins of $600 or more are reported to the IRS by the lottery. Just because an entity like a casino only withholds taxes over a certain amount of $, this has no bearing on the fact that all winnings are subject to taxation and reportable on your tax return.
May 27, 2024, 7:52 am - Artist77 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himNews Story
Young winner decides against the lump sum By Kate Northrop A North Carolina man won a $1 million top prize in the lottery after he gave his sister some money to purchase a ticket on his behalf. An 18-year-old North Carolina resident ended up winning $1 million in the North Carolina Lottery after asking his sister to pick up a ticket for him. Jalen McLean, 18, of Raleigh, was all grins from the instant he found out he won a million dollars to the moment he held up the giant ceremo
May 26, 2024, 7:49 am - Todd - Lottery News