IP 201128 Connecticut Income Tax Treatment of State Lottery

IP 201128 Connecticut Income Tax Treatment of State Lottery tax in lottery winnings
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taxes on $5 This form reports the amount of your Lottery winnings and must be filed with your federal income tax return You should also keep a copy for your records

taxes lottery The winner will likely be responsible for an additional 13% in federal taxes when their taxes are due, which will reduce the earnings to around You may receive a Form W-2G, Certain Gambling Winnings and have federal income taxes withheld from your prize by the gambling establishment if