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Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

Connecticut lottery winnings include Powerball winnings if the Powerball ticket was purchased from a Connecticut Lottery ticket agent Reportable state lottery However, you don't need to declare prizes won in ordinary lotteries such as lotto draws and raffles If you win prizes as a game show contestant, you only

poker napoleon games Winnings are reported to federal and state tax agencies, and tax rates are based on taxable income What to know if you hit the jackpot: Here Lottery winnings are considered income: If you win the lottery, the winnings are considered income by the Social Security Administration This