IP 201128 Connecticut Income Tax Treatment of State Lottery

Gambling and Lottery Winnings federal tax on lottery Federal income tax refunds; State income tax refunds; State Lottery winnings; Funds from unclaimed property If you believe the amount withheld was incorrect, federal tax on lottery You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes · Most tangible

federal tax rate for lottery winnings Under federal, state and local tax laws and other lottery rules, your fortune will be knocked down a bit Mega Millions is a multi-state lottery