how much tax is taken from lottery winnings
How much money will you get after taxes if you win the Mega
how much tax is taken from lottery winnings
how much tax is taken from lottery winnings
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how much tax is taken from lottery winnings While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding Key Takeaways · You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes New Jersey Income Tax is withheld at an amount equal to three percent of the payout for both New Jersey residents and nonresidents (
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