Connecticut Income Tax Treatment of State Lottery Winnings -

Lottery Tax Planning for a Billion Dollar Drawing what are taxes on lottery winnings How are Lottery winnings taxed? All Lottery prizes, regardless of the amount, generally are considered as income by the state and federal government For what was yesterday''s lottery Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home

what to do if i lost my dv lottery confirmation number Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk