New Jersey Lottery Questions and Answers -

taxes lottery
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tax is withheld from the prize Note: If two or more claimants share in the taxation of the lottery prize, the Wisconsin Lottery will issue each

The tax shall be withheld on the entire amount of the prize, not merely the amount in excess of $5,000 The tax must be withheld by the Lottery Department on There are also additional federal taxes of about 37% In total, you'll be paying more than $19 million Your total annual payment in California

cash 4 florida lottery For non-resident aliens, current tax laws require that the Lottery withhold 30 percent in federal income taxes on all Lottery prizes and percent in Overall, 27 states earmark some or all lottery revenue for education In , the lotto dollars go to a general fund; in Colorado, the funds go