The Best and Worst States to Pay Taxes on Lottery Winnings

taxes for lottery winnings
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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

The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made

taxes on lottery winnings in florida US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

taxes on 100 000 lottery winnings Income that is not taxable You will not have to pay tax on: lottery winnings and other prizes; some government grants and payments; child support; the tax