Tax Implications of Canadian Windfalls - TurboTax

lottery tax canada
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You would have to report your lottery winnings on your US tax return and pay taxes on them at your regular income tax rate You may also have to

Lottery winnings of $600 or less are not reported to the IRS; winnings in excess of $5,000 are subject to a 25 percent federal withholding

lottery lottery But you might wonder if your chosen recipient has to pay tax on any gifted lottery winnings The answer is no — so you can happily gift some of

lottery in mississippi No Canadian tax on lottery winnings There's state tax in the US and they will withhold 15% for federal tax which you can apply to have refunded