Lottery Tax Rates Vary Greatly By State

tax on lottery winnings usa
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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

Depending on the number of your winnings, your federal tax rate could be as high as 37% as per the lottery tax calculation State and local tax rates vary by

taxes on $1 million dollars lottery winnings Depending on your other income and the amount of your winnings, your federal tax rate may be as high as 37% You may also be subject to state

tax on lottery That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and