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Tag: lottery

Taxes From A To Z (2019): J Is For Jackpot

Taxes From A To Z (2019): J Is For Jackpot

Kelly Phillips ErbMarch 24, 2019October 29, 2019

It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can

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New Healthcare Bill Targets Lottery Winners (Yes, Really)

Kelly Phillips ErbMarch 9, 2017January 12, 2022

On Tuesday, the White House introduced the American Health Care Act to the American people. Buried in the plan were ten pages focusing on limiting the rights of lottery winners to claim Medicaid.

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Lottery Winner Drops Winning Ticket Into Salvation Army Holiday Kettle

Kelly Phillips ErbDecember 14, 2016January 12, 2022

Someone was feeling the holiday spirit after winning big on an instant lottery ticket on Thursday, December 8. But rather than pocket the cash, the lucky winner donated the winnings to charity by dropping the winning ticket into a Salvation Army collection kettle.

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NJ Woman Finds Lottery Ticket While Doing Her Taxes

Kelly Phillips ErbJuly 8, 2016January 12, 2022

Yokasta Boyer was prepping to do her taxes – sifting through records and documents – when she found an old Jersey Cash 5 lottery ticket. It was a winner.

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Money For Nothing: Lottery & Sweepstakes Scams Also Target Taxpayers

Kelly Phillips ErbOctober 6, 2015January 12, 2022

I won the lottery this week despite the fact that I didn’t buy a ticket. I found out that I won after the directors of

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Citing Budget Woes, State Won’t Pay Up (Yet) On Big Lottery Winnings

Kelly Phillips ErbSeptember 1, 2015January 12, 2022

Author’s Update: The Illinois Lottery disagrees with the characterization that a promise to pay in the future is an IOU, reaching out to say, “At

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Everybody Wins! Lotteries Like Mega Millions Benefit Taxpayers, Seniors, Schools, & More

Kelly Phillips ErbDecember 18, 2013July 19, 2020

Playing the lottery? Do you know where your dollars go?

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What You Can Learn From The Most Recent Lottery Winners

Kelly Phillips ErbDecember 8, 2012

The final Powerball ticket holder has come forward to claim one half of record jackpot hosted by the Arizona lottery. The winner – who has

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Waffle House Waitress Wins Big In The Lottery, Loses At Tax Court

Kelly Phillips ErbMarch 6, 2012June 1, 2020

Growing up in North Carolina, I’ve seen my share of the inside of a Waffle House or two. In fact, my college roommate and I

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Ask The Taxgirl: Reporting Dicey Income

Kelly Phillips ErbOctober 9, 2009May 19, 2020

Taxpayer asks: I have a difficult situation. I won a lot of money in my church’s 50/50. I know I have to report it as

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