Gambling Winnings Are Taxable Income On Your Tax Return

indiana lottery tax
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Any person, resident or non-resident, that wins a large lottery prize in the United States will have to pay taxes worth between 25% and 45%

Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire

indiana lottery scratch off If Thursday's drawing was your lucky day, just know that the Ohio Lottery Commission will withhold 28% in income tax up-front (4% state and 24%

indiana lottery However, for the following sources listed below, gambling winnings over $5,000 will be subject to income tax withholding: Any sweepstakes, lottery, or