tax in lottery winnings
IP 200218 Connecticut Income Tax Treatment of State Lottery
Key Takeaways · You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes
Betting and lottery tax tax in lottery winnings
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Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings
taxes on slot machine winnings income tax treatment of lottery prizes This guidance applies specifically The lottery prize payment is gambling winnings taxed as ordinary income
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