All About Lottery Taxes

how much is lottery taxed
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A: The Lottery Winnings Tax is only charged on cash prizes Q: Who is charged the Lottery Winnings Tax ? A: All persons who receive more than

The CT Lottery is required by law to report and withhold federal income tax on all gambling winnings valued at more than $5,000 (Under certain In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

ga lottery ticket scanner Any guesses on how much tax you have to pay? Photo: AFP · Now, the laws also say that tax can be deducted only if such lottery income is greater Depending on how much you win and on your income, you'll then have to pay a further % to make up the total % that's the top income tax