Taxes on Lottery Winnings Explained

how are lottery winnings taxed
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Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or

Congratulations! · In Australia, lottery winnings are classified as tax-free income · This includes all prizes won through Golden Casket, NSW Lotteries, Tatts, Lottery winnings in India are not taxed as regular income, they are subject to a fixed flat tax of % Understand the tax on lottery and game show

888 poker apk download The CT Lottery is required by law to withhold Connecticut state income tax on all gambling winnings that are either: 1) subject to federal Yes Lottery winnings are treated the same as money earned from a job When you file your taxes, you'll need to report the lottery winnings as