Tax on Lottery Winnings by State 2023

Illinois, shall be deemed to be a prize awarded under this Act for the purpose of taxation under the Illinois Income Tax Act The Department shall

Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%

illinois lottery pick three You must pay taxes on Illinois Lottery prizes Therefore, we strongly suggest players contact a financial planner, tax attorney or preparer, the Internal

illinois lottery pick 3 past winning numbers history Illinois currently withholds 24 percent in federal taxes, and percent in state income taxes, though that may not be the total tax