New Jersey Lottery Questions and Answers -

how much tax on lottery
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In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

The tax shall be withheld on the entire amount of the prize, not merely the amount in excess of $5,000 The tax must be withheld by the Lottery Department on It doesn't stop there — winning this jackpot would put the winner in the highest tax bracket, in which income is taxed at 37% So when the

mustang trail slot The lottery tax is charged at a rate of 15% of the lottery turnover When is the lottery tax paid? The lottery tax must be remitted to the collector by a The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn