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Get Started There’s more to life than just taxes. Get insightful tips to help you get the most out of your money, life, and of course, taxes. This just in… 10 FAQs About Estate Taxes and Inheritance Planning Planning for what happens after you are gone is never an easy topic, but...
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Lottery winnings are considered ordinary taxable income for both federal and state tax purposes. That means your winnings are taxed the same as your wages or salary, and you must report the entire amount you receive each year on your tax return. For example, let’s say you elected to receiv...