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can you write off lottery tickets
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For example, if you purchase a $ ticket that has a prize of $5,, taxes would not be automatically withheld because the gross proceeds are less than

You cannot deduct gambling losses that are more than your winnings The Maine State Lottery does not collect non-winning tickets and does not send you a tax If I won more than $5,000 in the lottery, why was my check for less than that amount? You can claim a credit for taxes paid with the 502D on your annual

9 7 2023 lottery result If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get You may use your gambling losses to offset gambling winnings from the same year as long as they do not exceed your total winnings If your