Indiana resident claims $44M in historic lottery win

Where does all that Hoosier Lottery money go? indiana lottery tax 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 withholding indiana grand casino $10 free slot play On the other hand, if you spend money on lottery tickets and scratch-offs, these expenses are generally not deductible on your tax return

indiana lottery usa The first $1,200 of prize money received from a winning lottery ticket is exempt from the adjusted gross income tax Indiana Net Operating Loss Deduction, A