Income tax payable on winnings from online, offline games of chance
Not all money people use to buy lottery tickets already had taxes taken out of them One of the biggest problems with lottery is most of the
State of NJ - Division of Taxation paying taxes on lottery winnings
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The federal government withholds 24% of your winnings immediately You may owe additional federal taxes depending on your overall tax bracket Each state also
new york lottery midday numbers Lottery winnings are not taxed twice Under both the federal and state tax system, they are considered ordinary taxable income You pay tax on your winnings
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