Tallying Up the Taxes on Lottery Winnings - TurboTax
Tallying Up the Taxes on Lottery Winnings - TurboTax
federal tax on lottery winnings
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Hey Preston, Winners are not double-taxed on lottery winnings By law, we are required to withhold 24% federal and % state taxes on prizes
(Frequently-asked questions about gambling winnings other than State lottery winnings are answered in Informational Publication 2001, Connecticut Income Tax
federal lottery 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
federal lottery tax Federal income tax refunds; State income tax refunds; State Lottery winnings; Funds from unclaimed property If you believe the amount withheld was incorrect,