12/8/2023 0 Comments Alabama gambling winnings taxLottery winnings are not subject to provincial income taxes, whereas house sales are subject to capital gains tax. It is impossible to pay income taxes in Florida, South Dakota, Texas, Washington, Tennessee, or Wyoming because all of these states do not require such payments. Lottery agencies withheld 25% of the winnings over $5,000 from the winners in this category. This means that, as of now, there is no clear answer as to whether or not you will be taxed on lottery winnings if you live in Alabama.Īccording to the Florida Lottery, an Alabama man recently purchased a scratch-off game, which prompted him to dream of winning $1 million. The Alabama Department of Revenue has stated that lottery winnings are taxable, but the Alabama Legislature has not passed any legislation specifically taxing lottery winnings. While the state does have a state lottery, the laws regarding taxation of lottery winnings are not clear. The answer to whether or not Alabama can tax you on lottery winnings is a bit complicated.
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