IP 201128 Connecticut Income Tax Treatment of State Lottery

how much is the tax on lottery winnings
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LOTTERY WINNINGS We are very much concerned and opposed to any form of federal income tax withholding on state lottery winnings It is my understanding that

Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments Congratulations! · In Australia, lottery winnings are classified as tax-free income · This includes all prizes won through Golden Casket, NSW Lotteries, Tatts,

the green card lottery All lottery winnings are taxable income If any Missouri or Kansas residents win the jackpot when the Mega Millions numbers are pulled, they If the winner takes the payout, as many do, the federal tax would cut the prize by around $149 million In an estimate from USA Mega, an