The Best and Worst States to Pay Taxes on Lottery Winnings

Lottery And Taxes indiana lottery tax Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37% indiana lottery tax Currently, Indiana's personal income tax rate is % Almost all gambling winnings are subject to this tax Casinos typically withhold 25% of your winnings

indiana lottery app Playing the lottery is classed as gambling as far as the Internal Revenue Service is concerned, which means that you are entitled to a tax deduction on