Documentary serves as love poem to Alabama Â». Here's a new documentary series with a big goal: bridging the gap between people. Filmmaker Jennifer Crandall traveled hundreds of miles to capture the essence of America as people across Alabama bring Song of Myself by poet Walt Whitman to life. We call it Whitman, Alabama. Join us.
How to Deduct Lottery Ticket Purchases on Income Tax. There's nothing more fun than winning when you gamble, especially if you win the lottery. Of course, for the millions of people who fail to accomplish this, there is the consolation of a potential tax deduction.
Big Tax Bite. When you receive a lottery jackpot, the state lottery agency must withhold 25 percent for federal income taxes. In 34 states, the lottery agency will also withhold state income tax. State withholding rates in 2012 ranged from 3.4 percent to 10.8 percent.et Some Aside. Lump-sum lottery winnings are taxable as ordinary income in the year the prize is won. There is no reduced tax rate for lottery jackpots. As of 2012, the top federal income tax rate is 35 percent, applied to all taxpayers regardless of filing status if taxable income exceeds $398,350.