IP 201128 Connecticut Income Tax Treatment of State Lottery

what is the tax rate on lottery winnings   Dan what a hoot slot

30% tax is applied to prizes and awards that have not received government approval The tax rate would also need to be increased by cess The

Proceeds of lottery prizes shall be subject to Kentucky state income tax A holder of a winning cash ticket from a Kentucky lottery game shall claim a  Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate

lottery sambad lottery sambad winnings If you sell or otherwise dispose of an asset that was a prize from a lottery, you must declare any capital gains you make in your tax return You That cuts the winner's take home to $595,308,000 Gambling winnings are subject to mandatory federal withholding taxes, so your lump sum payment