Gambling and Lottery Winnings

taxes lottery
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Residents and Nonresidents: The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from payments of reportable Connecticut

As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount

taxes on poker tournament winnings The Mega Millions lottery top prize of $ billion was won by a single ticket in Friday night's drawing, an amount of money most of us

taxes on poker winnings The lottery tax calculator helps you estimate the tax amount deducted from a lottery prize and compare the money