Connecticut Income Tax Treatment of State Lottery Winnings -

Connecticut Income Tax Treatment of State Lottery Winnings - federal tax for lottery winnings Federal Tax Withholding: The lottery is required to withhold 24% of your winnings for federal income tax purposes if you win more than $5,000 federal lottery tax rate Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

federal lottery tax rate Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire,

federal tax lottery winnings If you choose to donate, split, or assign your lottery winnings, in whole or in part, it is taxable to the recipient in the same way as for federal income tax Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a