State of NJ - Division of Taxation
State of NJ - Division of Taxation
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how much taxes is taken out of lottery winnings
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This includes winnings from the Wisconsin Lottery and out-of-state lotteries gambling session and the amount of money they brought out
However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,
best poker face lottery winnings Conf Conf - - - - - Conf Conf ZH Ct Cm Cm Cm The federal tax rate on lottery winnings is 24%, but it can go up to 37% depending on the amount of your winnings For example, if you win $1