Connecticut Income Tax Treatment of State Lottery Winnings -
Connecticut Income Tax Treatment of State Lottery Winnings -
The winner of the lottery jackpot that currently sits at $ billion would expect to pay at least $135 million in federal income taxes if they
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 · Most tangible The federal government does not have a general lottery tax Lottery winnings are just taxable income Those funds go into the general fund
visa h1b lottery You are then taxed at the appropriate rate based on your income tax bracket It's not quite that straightforward, however… Federal Income Tax Federal income tax refunds; State income tax refunds; State Lottery winnings; Funds from unclaimed property If you believe the amount withheld was incorrect
