what is the tax rate for lottery winnings
How Taxes on Lottery Winnings Work
what is the tax rate for lottery winnings
website what is the tax rate for lottery winnings The first winnings up to $ are tax-free, with winnings above that amount required to be reported on your upcoming tax return At the what''s the best poker hand Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The
what is the tax rate for lottery winnings The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of 5% from all payments of reportable Connecticut lottery winnings made to The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of 5% from all payments of reportable Connecticut lottery winnings made to If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding
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