nj lottery tax
What is the state and federal tax on NJ lottery winnings? I hit
nj lottery tax
nj lottery tax
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nj lottery tax If you're a California resident and purchase your ticket there, you pay the 37% federal tax rate But you're in luck because California doesn't But if you take the lump-sum cash prize, you'll pay tax twice: on the prize when you win it, and on the income you get by investing it This New Jersey is among the highest state tax rates ultimately taking % of the prize The winnings after taxes According to Lottery Post,