A lottery syndicate is a group of people who buy lottery tickets from a joint account and then divide the winnings amongst themselves. They then divide the prize winnings in proportion as per the contribution. … In syndicates, everyone contributes money and tickets are bought in bulk. What happens ifRead More →
The federal government and all but a few state governments will immediately have their hands out for a bit of your prize. The top federal tax rate is 37% for income over $500,000. The first thing that happens when you turn in that winning ticket is that the federal governmentRead More →
Brian and Tamara know! The lucky couple changed their lives forever when they won yourtown Prize Home Draw 458 and moved into their stunning new home on the beautiful Mornington Peninsula. Who won Yourtown draw 508? The winning ticket of yourtown Prize Home draw #508 is 288289 – A ofRead More →
Twyla’s glorious redemption Fittingly, though, by the end of series six, we learn Twyla isn’t such a tragic character after all. In fact, before the Roses even arrive in town she won the lottery, splitting $92 million with one other person. … Twyla loves where she lives. How much didRead More →
Lottery winnings do not affect Social Security disability income (SSDI), but it can reduce or eliminate any Supplemental Security Income (SSI). Do you have to report casino winnings to Social Security? Although gambling winnings do not have any effect on Social Security disability benefits, they can impact your SSI. …Read More →
Although lottery winnings aren’t taxable in Canada, the owner of a lottery home may have to pay a capital gain tax if they choose to sell the house. Capital gain is the profit resulting from the selling of a capital asset (such as a house). Do I have to claimRead More →