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lotto winnings

Ask the taxgirl: Lotto Winnings & Other Income

4 January 2009

Taxpayer asks: I deliver newspapers. Wondering if the Christmas money I receive is taxable. Also, why are lotto winnings taxable? How are you working for that money? Taxgirl says: I believe that the money that you receive at Christmas is taxable. It is not really a *gift* (read more about gifts and bonuses here). It’s [...]

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