The Massachusetts Lottery Seeks Expansion

massachusetts lottery tax
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After the raffle is over, fill out the tax forms and mail them to the lottery commission The tax due is 5% of your proceeds To calculate the tax, multiply the

With the Powerball jackpot on the rise again, there's lottery fever across the country  Here's how it works: Winning ticket holders don't particularly like paying the tax due on larger wins And they often don't like going public,

how much does a lottery ticket cost The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made For prizes of more than $600, 5% is withheld and sent to the Massachusetts Department of Revenue For prizes $5,000 and greater, 24% of the prize is withhel