Smart tax strategies for lottery winners - Tax Insider

Smart tax strategies for lottery winners - Tax Insider illinois lottery taxes calculator
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illinois lottery 3 & 4 digit Do I have to pay taxes on winnings? You must pay taxes on Illinois Lottery prizes Therefore, we strongly suggest players contact a financial planner, tax

illinois lottery pick 3 and pick 4 evening Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no Each state has the authority to determine its own tax rates and whether or not to tax lottery winnings In Illinois, lottery winnings are subject to a tax