New Jersey Lottery Questions and Answers -

how much taxes are deducted from lottery winnings
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The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a

How much the winner could owe in taxes Before seeing a penny of the jackpot, the winner will pay a 24% mandatory upfront federal withholding

how to play poker well Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to

how old do you have to be to buy a lottery ticket in california Some states have no income tax or don't tax lottery winnings, but others have top-income state tax brackets exceeding 10% Powerball isn't