What Is the Tax Rate for Lottery Winnings? - Money

does illinois tax lottery winnings
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Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on lottery winnings, ranging from 0% to %

That's the take-home amount after paying the federal tax rate of 24% and the Illinois

does 711 sell lottery tickets The state of Illinois considers all gambling winnings to be personal income Again, how much you will owe depends on how much income you collected from all

does ace count as 1 in poker Lottery games, the method of selecting winning tickets, does not affect the legality of any such rules in the Illinois Administrative Code