IP 201128 Connecticut Income Tax Treatment of State Lottery

what is tax on lottery winnings
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Meanwhile, other states have tax rates for lottery winnings that generally range from about 3% to almost 11% But in any case, once applicable taxes are taken

While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding LOTTERY- INCOME TAX ON WINNINGS THE following judgment on the question whether winnings from a totalisator constitute a cash prize in a lottery , so as

pennsylvania lottery post When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal winning Powerball in 2008 The jackpot total, above, reflects pre-tax annual payments, not the lump-sum the Rosenaus received Photo: Andy