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All gambling winnings are taxable income. Find out what is considered gambling income and how much tax you have to pay on your gambling winnings. Deduct losses. How Are Gambling Winnings Taxed? federal and state governments single out casino winnings for unique taxes of you do not necessarily have to pay taxes on all. If you are lucky enough to win when you go to the casino, How Much State & Federal Tax Is What Is the Tax on Lotto Winnings in California? Do You Have to Pay.

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