Taxes on Prize Winnings and More!

website what is the tax on lottery winnings in michigan There are no specific sales tax provisions regarding lotteries or gambling in Michigan, but since the sales and use taxes are levied on the retail sale of what is idfa Lottery and other lotteries Note: Gambling winnings are not covered under income tax reciprocity agreements with Michigan and North Dakota

what is the tax on lottery winnings in michigan Similar to casino and sports betting activity, the state will tax lottery winnings at the rate of % According to Grand Rapids area  Michigan imposes a % state tax rate on gambling winnings Even though Michigan casinos and online gambling operators are required to fork up a fair share of  Theoretically, that means a lone winner sitting on a winning ticket for a “This allows the tax liability to spread across all members,” Harris said

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