If my only income is social security benefits, but I won $10,000 in lottery winnings (taxes withheld upon receipt), do I need to file taxes this year?

posted

Connect with an expert

1 Best answer

Accepted Solutions

If my only income is social security benefits, but I won $10,000 in lottery winnings (taxes withheld upon receipt), do I need to file taxes this year?

It depends. If your total income including social security benefits and lottery winnings exceed the filing requirements, you would need to file. Please see the filing requirements. https://apps.irs.gov/app/vita/content/globalmedia/who_must_file_charts_a_b_4012.pdf

View solution in original post

2 Replies

If my only income is social security benefits, but I won $10,000 in lottery winnings (taxes withheld upon receipt), do I need to file taxes this year?

It depends. If your total income including social security benefits and lottery winnings exceed the filing requirements, you would need to file. Please see the filing requirements. https://apps.irs.gov/app/vita/content/globalmedia/who_must_file_charts_a_b_4012.pdf

If my only income is social security benefits, but I won $10,000 in lottery winnings (taxes withheld upon receipt), do I need to file taxes this year?

If taxes were withheld you would want to file to get that money back.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post