Lottery Winnings
Lottery Winnings
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The tax shall be withheld on the entire amount of the prize, not merely the amount in excess of $5,000 The tax must be withheld by the Lottery Department on
Do you need to pay tax on lottery winnings? Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you Residents and Nonresidents: The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of 5% from payments of reportable Connecticut
ca lottery fantasy 5 Winnings from lottery are flat taxable at the rate of 30% under income tax act, 1961 · The basic exemption limit is not available in case of With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after
