do you have to pay tax if you win the lottery
IP 200218 Connecticut Income Tax Treatment of State Lottery
do you have to pay tax if you win the lottery
do you have to pay tax if you win the lottery
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do you have to pay tax if you win the lottery When you have gambling winnings, you may be required to pay an estimated tax on that additional income For information on withholding on gambling winnings, The Michigan Income Tax Act has no provision to subtract your losses on the Michigan individual income tax return You cannot net the winnings and losses for So, when you take the cash option, you will end up with $374,954,812 after federal taxes Now it is the state's turn State tax rates on lottery