Connecticut Income Tax Treatment of State Lottery Winnings -

Taxes on Lottery Winnings by State 2024 how much taxes are deducted from lottery winnings Example: If you won $10,000 but lost $15,000 You may deduct $10,000 California lottery We do not tax California Lottery or Mega millions how much can a lottery retailer payout If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the

how do slot machine works In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal