State of NJ - Division of Taxation

how much taxes taken out of lottery winnings
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how much taxes taken out of lottery winnings lottery winnings, are based on the non-statutory common law understanding of income, while others of the tax exemptions are based on statutory enactments  That's because when anyone wins the lottery, the IRS withholds 24% of the winnings off the top With a large jackpot, if the winner opted for the lump sum cash  money, goods, property, and services Connecticut income tax will not be withheld from state lottery winnings other than Connecticut lottery winnings

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