My parents are both retired and they won a lotto ticket last year. They took almost 4k in taxes. Do they get that back ?

Answers

Evelyn Inez

When they file taxes some of the money could come back to them after their deductions are taken off the total income, lottery and retirement.

LegFuJohnson

If their total income means they should have paid less than 4K in taxes, they'll get it back. You didn't mention how much they made, that's sort of the main factor in how much you pay in taxes.

Pascal the Gambler

That depends on many factors. Likely not all of it, if any.

Jay P

If they "won a lotto ticket", paying 4K in taxes seems rather steep. How expensive was that lotto ticket???

H.g

I am very happy to hear this.

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