State of NJ - Division of Taxation

what taxes do you pay on lottery winnings
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The Internal Revenue Service requires you to pay taxes on any lottery winnings that exceed $5,000 You may also be subject to state taxes,

The reason for this is because lottery winnings are taxed as income by the federal government as well as most states So, how much will New

whats poker face Like all other taxable income, the IRS requires you to report prizes and winnings on your tax return, too That means you might have to pay

what was today''s midday lottery number Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you