Do you need to pay tax on lottery winnings?

how much tax is paid on lottery winnings
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Withholding Rate from Gambling Winnings New Jersey Income Tax is withheld at an amount equal to three percent of the payout for both New

The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made Any guesses on how much tax you have to pay? Photo: AFP ; Winning, Tax @ % ; 10,000,

buying a lottery ticket online The Lottery Department must deduct and withhold tax at a rate of % from $5,000 or $ Example 3: B purchases a lottery ticket for $ in the state Income that is not taxable · lottery winnings and other prizes · some government grants and payments · child support · the tax-free portion of your redundancy