The Best and Worst States to Pay Taxes on Lottery Winnings

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The tax is required to be withheld at the Pennsylvania personal income tax rate in effect at the time the prize payment is made The withholding requirement

New Jersey is among the highest state tax rates ultimately taking % of the prize The winnings after taxes According to Lottery Post, Then the IRS gets a big bite — 24% — or more than $ million according to the New Jersey Lottery Finally, New Jersey receives another 8% in

hmn-199 There isn't a special tax on lottery winnings The amount gets added to your other income on your tax return If the prize is big enough, Under the legislation sponsored by state Senators Ronald Rice and Jim Whelan , a new tax of percent would be