IP 200938 Connecticut Income Tax Treatment of State Lottery

how much tax do you have to pay on lottery winnings
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How much of a prize is taken out for taxes? The winnings are subject to federal income tax withholding The tax withholding

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

how to win second chance lottery winnings or payment slips provided to you by the gambling If you have questions about the Wisconsin tax treatment of gambling income, you may:

how to win slot You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize