IP 200218 Connecticut Income Tax Treatment of State Lottery

what is the federal tax on lottery winnings
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Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So if the Oregon Powerball winner does

“The IRS is required to withhold 24% from the winnings, but that doesn't mean whoever wins and chooses the lump sum option is done paying taxes,

what a hoot slot Some states have no income tax or don't tax lottery winnings, but others have top-income state tax brackets exceeding 10% Powerball isn't

what''s a 3 bet in poker When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal