What form do I use to report lottery winnings? Also, do I

indiana lottery tax
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Indiana Lottery Taxes for citizens and residentsamount to % on prizes between $1,200 and $5,000, as detailed below Prize Value, Tax, Percentage

With an income tax rate of % on lottery prizes, this mountainous state lets you keep far more of your winnings than most states #4 Indiana With an income INDIANAPOLIS — The Hoosier Lottery is seeing record sales and sending more money than ever to Indiana's tax reserves

shoe slot organizer However, for the following sources listed below, gambling winnings over $5,000 will be subject to income tax withholding: Any sweepstakes, lottery, or Indiana's lottery sent a near-record $370 million to state coffers tax by as much as 50% The highest return was $375 million in