3 Illinois Lottery players win $1M prizes with scratch-off tickets

Also, keep in mind that Illinois does impose a state tax on income, so you will pay state taxes as well on your winnings The rate of your federal taxes is

3 Illinois Lottery players win $1M prizes with scratch-off tickets And despite the big money pot, the prize is still subject to taxes Those include an automatic withholding tax of 24% levied against the

Also, keep in mind that Illinois does impose a state tax on income, so you will pay state taxes as well on your winnings The rate of your federal taxes is

illinois lottery mega millions Lottery winnings are subject to federal and sometimes state taxes If you win big, plan for the taxes ahead of time Updated May 24, 2024

15, Illinois will no longer pay out lottery winnings worth more than $600, according to the Chicago Sun-Times In September, the state set the

illinois lottery tribune The ticket was purchased in Illinois, and Illinois has a % state income tax, so that lops off another about $37 million in tax In rough numbers, assuming

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%