Tallying Up the Taxes on Lottery Winnings - TurboTax

IP 200218 Connecticut Income Tax Treatment of State Lottery income from lottery On the state side, most states treat lottery winnings as income for tax purposes and the tax rates vary by state But the jackpot winner's state taxes could income tax slot The lottery and gaming credit is a credit that provides direct property tax relief to qualifying taxpayers on their property tax bills Lottery proceeds are

income tax on lottery winnings in india As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount