New Jersey Tax Guide: What You'll Pay in 2024

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Tax information ; $600 to $10,000, State Tax, 0% ; $600 to $10,000 · Federal Tax, 30% ; Total: 30%

Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and the Potentially receive the full advertised jackpot, as payments are spread out and may be taxed differently Tax Implications, Taxes are paid immediately on the

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