Illinois, federal tax rate combine on lottery jackpot at 47 percent

does illinois tax lottery winnings   Dan does circle k sell lottery tickets

While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding

Where does the $400,000 go if it's not taxes???NC Play Smart™ term is a service mark of the Illinois Lottery licensed to the NCEL  From there, the proper gambling forms will be filed along with your Tax Return Remember that, even if you do not get a Form W-2G, you must report all gambling

口內射精 taxes 2207 sales and use taxes telecommunications Lottery winnings personal income tax allocation to Illinois withholding 1702 ; 2303 You've hit the jackpot on the Illinois State Lottery, and your money worries are over, right? Not so fast If you don't protect your lottery