3 Illinois Lottery players win $1M prizes with scratch-off tickets

illinois lottery taxes
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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%

And despite the big money pot, the prize is still subject to taxes Those include an automatic withholding tax of 24% levied against the

illinois lucky day lottery numbers According to Nerdwallet's Lottery Tax Calculator, if the lotto winner chose the one-time payment of $3,600,000, they would end up taking

illinois lottery powerball payouts The winner will be taxed on their prize at the highest federal income tax rate, 37%, and at the Illinois state income tax rate of % Someone