Publication 140-W - FAQS: New York State Lottery Winners -

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According to the state's lottery, New Jersey taxes lottery prizes of more than $10,000 and up to $500,000 at a rate of 5% But since we're talking about a

First, sign the back of your ticket immediately Then take it to any New Jersey Lottery Retailer for validation If your prize is worth $ or less, you can Mega Millions tax calculator To use it, enter the amount of your Mega Millions winnings, your tax filing status and state of residence Mega

slot game with free bonus What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted For example, winners in a high-tax state such as New Jersey would have to pay a % top marginal rate in state taxes alone If a New Jersey