Do I pay taxes on my winning if I'm over 65? in MA?

Question

Do I pay taxes on my winning if I'm over 65? in MA?

Answer 1

In MA; you pay taxes on everything.  You'll be paying taxes after you are deceased.  I'm not sure the amount, I think if it's over $600 you have to pay.  And they'll get you.....

That's why I abandoned MA like a rat from a sinking ship.  That state is doomed.

-Freedom lover in Las vegas

Answer 2

Winnings in excess of losses are taxable income. Age has nothing to with taxable income. Your total taxable income will determine your tax rate.

This applies to federal tax. I don't know what MA will do to you.

Answer 3

age really doesn't have anything to do with paying taxes.  Visit IRS website for information in filing and reporting your taxes.