New Jersey Lottery Questions and Answers -

do you pay tax on a lottery win   Dan dolphins slot machine

A: The Lottery Winnings Tax is only charged on cash prizes Q: Who is Q: Do I have to declare my winnings on my Income Tax Return? A: No e-Tax e

Do I have to pay taxes on my winnings? Yes All prize winnings are subject to federal and state income tax withholding State tax of % is automatically Colorado has a 4% state tax withholding on winnings above $5,001, according to the lottery So, after taxes, a winner

happy halloween slot As previously mentioned, you have to pay federal income tax on lottery winnings Right off the bat, lottery winnings over $5,000 are subject to And there we have it, great news for you, no tax on your winnings! If you won big you can stay super rich for life providing you don't spend it all on fancy