lottery Archives - Milliken, Perkins & Brunelle

What are the tax implications of winning money or valuable prizes?

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September 26, 2023 Kevin Brunelle gambling, lottery, W-2G, winnings

taxes on winnings

If you gamble or buy lottery tickets and you’re lucky enough to win, congratulations! After you celebrate, be aware that there are tax consequences attached to your good fortune.

The tax implications of being a winner

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August 6, 2019 Kevin Brunelle gambling, lottery, noncash prize, winning

Gambling or Lottery Winning Tax Consequences

If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of your good fortune.
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