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Do Senior Citizens Have To Pay Taxes On Lottery WinningsFacts on TaxesFiling TaxesLottery Winnings
May 23, 2023

Do Senior Citizens Have To Pay Taxes On Lottery Winnings?

Lottery winnings have the potential to transform lives, bringing unexpected wealth and opportunities. However, amidst the excitement and anticipation of winning a lottery, it is crucial to understand the financial implications, including taxes. For senior citizens, who may be living…
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Estate TaxesFacts on TaxesFederal Income TaxFiling TaxesInheritance TaxesPersonal TaxesTaxes
January 30, 2023

What Are The Tax Implications Of Inheritance?

Inheriting assets from a loved one can be an emotional time, but it's important to understand the tax implications that come along with it. Inheritance taxes can have a significant impact on the value of the assets you receive. This…
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Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes
January 30, 2023

Do You Pay Taxes On $1,000 Lottery Winnings?

Winning the lottery can be an exciting moment, but it's important to understand the tax implications of your prize money. Lottery winnings are considered taxable income by the federal government and most states. This means that a portion of your…
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Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes
January 30, 2023

Why Are Taxes Necessary?

Taxes are a crucial aspect of modern society and play a vital role in funding government operations and providing public goods and services. From funding schools and roads to supporting social programs and national defense, taxes serve as the lifeblood…
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Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes
January 29, 2023

Do I Have To Pay Taxes On Online Gambling Winnings?

Online gambling has become a popular pastime for many people, and with the rise of technology, it's now easier than ever to participate in online gambling activities from the comfort of your own home. But the question remains, do you…
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Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes
January 29, 2023

How Much Can You Win Online Without Paying Taxes?

Online gaming and gambling have become popular pastimes for many people. However, winning big on the internet can come with tax implications. Understanding the tax laws surrounding online winnings is crucial to avoid legal trouble. The question of "How much…
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Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes
January 29, 2023

How Much Can You Win At Blackjack Without Paying Taxes?

Blackjack is one of the most popular casino games in the world and offers players the chance to win big. But, with the thrill of winning comes the responsibility of paying taxes. Understanding the taxation laws surrounding gambling winnings can…
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Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes
January 29, 2023

Can I Use A Casino Win/Loss Statement For Taxes?

Are you curious about the role of a casino win/loss statement when it comes to taxes? If so, you're not alone. Many gamblers wonder if they can use their win/loss statement to offset gambling winnings on their tax return. The…
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Capital Gains TaxFacts on TaxesFiling TaxesPersonal TaxesTaxes
January 29, 2023

How Do I Avoid Paying Taxes On Prize Winnings?

Are you a recent prize winner looking for ways to keep more of your winnings? Look no further! In this post, we will explore the tax implications of prize winnings and provide strategies for avoiding or minimizing the taxes you…
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Federal Income Tax Topics

Estate TaxesFacts on TaxesFederal Income TaxFiling TaxesInheritance TaxesPersonal TaxesTaxes

What Are The Tax Implications Of Inheritance?

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Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes

Do You Pay Taxes On $1,000 Lottery Winnings?

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Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes

Why Are Taxes Necessary?

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Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes

Do I Have To Pay Taxes On Online Gambling Winnings?

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Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes

How Much Can You Win Online Without Paying Taxes?

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Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes

How Much Can You Win At Blackjack Without Paying Taxes?

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Filing Taxes Topics

Capital Gains Tax

How Do I Avoid Paying Taxes On Prize Winnings?

Are you a recent prize winner looking for ways to keep more of your winnings? Look no further! In this post, we will explore the tax implications of prize winnings and provide strategies for avoiding or minimizing the taxes you…
Facts on Taxes

Why Do People Say That Half Your Salary Goes To Taxes?

You've probably heard the common statement that "half your salary goes to taxes." But is this really true? The truth is, the amount of taxes an individual pays depends on a variety of factors, including their income, deductions, and credits.…
Do You Have To Pay Taxes If You Work At A Non-Profit
Facts on Taxes

Do You Have To Pay Taxes If You Work At A Non-Profit?

Are you employed by a non-profit organization and wondering if you have to pay taxes on your income? The tax laws for non-profit organizations can be complex and confusing. In this blog post, we'll break down the tax exempt status…
Facts on Taxes
Are Gambling Winnings Taxable in Canada?
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Who Can I Claim as a Tax Dependent?
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