Section 194B of Income Tax Act

how much are taxes on lottery winnings
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The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made

If you are a nonresident, Wisconsin Lottery winnings are taxable to Wisconsin If your Wisconsin gross income  That's a big check to write come April 15th Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not

dear lottery 6_00 p.m. result So in total, the winner will pay 37% in federal taxes, said Missouri Lottery Lawyer Kurt Panouses, who specializes in helping lottery winners In many instances, the New York State, New York City, and Yonkers tax The lottery prize payment is gambling winnings taxed as ordinary income