These are the best, worst states to win the lottery in

These are the best, worst states to win the lottery in nj lottery tax New Jersey Lottery winnings from prize amounts exceeding $10,000 are taxable The individual prize amount is the determining factor of nj lottery jersey cash 5 Lottery winnings are not taxed twice Under both the federal and state tax system, they are considered ordinary taxable income You pay tax on your winnings

nj lottery jersey cash 5 The New Jersey State Lottery will withhold New Jersey income tax on taxable winnings for Gross Income Tax at the withholding rate of 3% Page 2 9 ) Q Am I

nj lottery com 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 income tax if the prize payment is includable in your federal adjusted gross income for the tax year If you are a resident of New York City or Yonkers, the