IP 201128 Connecticut Income Tax Treatment of State Lottery

There are also some tax-free limits depending on how much money you choose to give to your family members, and your relationship to the

IP 201128 Connecticut Income Tax Treatment of State Lottery Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

There are also some tax-free limits depending on how much money you choose to give to your family members, and your relationship to the

how to win the national lottery In addition, the Lottery is required to report to the IRS gambling winnings that are $600 or more, and

Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan ahead, and can have trouble paying their taxes

how to pick winning slot machines There are also some tax-free limits depending on how much money you choose to give to your family members, and your relationship to the

Lottery winnings are considered taxable income for federal tax purposes and your winnings are taxed the same as your wages or salary Most prize winners pay a