Indiana lottery expected to send $370 million surplus to state

Lottery winnings are considered taxable income for both federal and state tax purposes and must be reported as such Lottery winnings are taxed

INDIANA: No deduction for gambling losses Subtraction al- lowed for Indiana Lottery winnings Some

indiana lottery mega millions INDIANA: No deduction for gambling losses Subtraction al- lowed for Indiana Lottery winnings Some

indiana lottery winning numbers Lottery winnings over $5,000 are subject to both federal and state income tax withholding—this is, part of your winnings are automatically paid