Home » News » New York Woman Wins $3 Million Jackpot and Decides to Take Home a Single Payment of $1,386,630 – Will There Be More Winners?

New York Woman Wins $3 Million Jackpot and Decides to Take Home a Single Payment of $1,386,630 – Will There Be More Winners?

Andrea Garvey had a millionaire start to the year.

The woman from New York went a few days ago to collect the jackpot from a New York Lottery scratch-off drawing for $3,000,000.

The resident of the Mount Vernon area of ​​Westchester County won the prize playing the Triple Jackpot 777 scratch-off game.

The lottery reported that the lucky winner chose to receive the prize in a single presentation.

This means that after taxes he received a sum of $1,386,630.

The scratch-off ticket was purchased at the Memorial Stationery store located at 414 E Stanford Boulevard in Mount Vernon.

Finally, the New York Lottery reported that there are still two Triple Jackpot 777 scratch-off tickets worth 3,000,000 that have not been claimed.

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Before starting the count, we share with you the first steps you must follow to submit your annual return.

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If you lost money at a casino or invested in a weight loss program, you can deduct taxes. A few days before the season starts, check out the unusual deductions that can help you receive a larger refund. Here are seven of them. At the end there is also support to obtain free advice.

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1.- Weight loss programs All weight loss programs, such as Weight Watchers, Jenny Craig, etc., are tax deductible as long as the person has a medical condition, such as hypertension, or diabetes, and the doctor approves it. prescribe.

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You can also get reimbursed for specialized food or drinks for weight loss or other medical conditions as long as their use is justified by a doctor. Dietary supplements are also subject to reimbursement as long as they have been prescribed by a doctor to treat a particular condition.

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2.- Losses in a casino Gambling losses are tax deductible. Mind you, you can deduct gambling losses only if you itemize your deductions on IRS Form 1040 and keep a record of your wins and losses. Additionally: the amount of losses deducted cannot be greater than the amount of winnings you declare from gambling.

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3.- Green technologies The Residential Energy Efficiency Property Credit can be claimed for solar, wind and geothermal equipment in both the main residence and a second home. Taxpayers can claim the Home Energy Efficiency Improvement Credit only for improvements, additions or renovations to an existing home. It does not apply to newly built homes. Qualified costs may include: Exterior doors, windows, skylights and insulating materials. Central air conditioners, water heaters, furnaces, boilers and heat pumps. Biomass stoves and boilers. Home energy audits. More information in the next link.

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4.- Smoking cessation programs In 1999, the Internal Revenue Service announced that the cost of these programs counts as a medical expense for taxpayers who itemize tax deductions.

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5.- Deduction for self-employment The tax on self-employment is 15.3% and consists of two parts: 12.4% for social security and 2.9% for Medicare. Self-employed workers must pay the full employment tax, but can then deduct the employer’s portion on their federal tax return.

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6.- Home Office Deduction If you work from home or remotely, you can deduct certain household expenses such as mortgage interest, insurance, utilities, repairs, maintenance or even a portion of the rent. The deductions are not for the entire household account, but you have to calculate the percentage of the cost of your ‘office’ or place where you work within the home. More information by clicking on this link.

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7.- Tax credit for dependents There is a tax credit of $500 that parents can claim for a dependent on their return. This is as long as that dependent does not qualify for the child tax credit. For example, your children over 17 years old. You can also apply for elderly relatives you are caring for at home. Get more information by clicking this link.

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New York City’s NYC Free Tax Prep program is providing free appointments to taxpayers who need help preparing their taxes. This service can be accessed by those whose family has earned less than $80,000 annually and who individually have earned income less than $56,000. Click here for information.

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People with an ITIN number will be able to access various services virtually to file taxes or find out the status of refunds, according to accountant Jimmy McCormack Hurtado. The expert also explains what you should take into account with some credits.

2024-01-25 15:47:00
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