Lottery Calculator - The TurboTax Blog

However, winners will almost certainly pay another 13% in federal taxes when they file their tax return, as the millions of dollars in winnings

Lottery Calculator - The TurboTax Blog “Raffle” Defined: In general, a raffle is considered a form of lottery As such, a raffle generally refers to a method for the distribution of prizes among

However, winners will almost certainly pay another 13% in federal taxes when they file their tax return, as the millions of dollars in winnings

illinois lottery pick 4 midday Also, keep in mind that Illinois does impose a state tax on income, so you will pay state taxes as well on your winnings The rate of your federal taxes is

Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and

illinois lottery scratch off remaining prizes Two people in Illinois who won an astounding $ billion Mega Millions jackpot in July will split a $ million pre-tax cash lump sum,

However, winners will almost certainly pay another 13% in federal taxes when they file their tax return, as the millions of dollars in winnings