How much tax has to be paid on lottery or game show prize money?
While you don't have to report lottery winnings of $600 or less, if you win more than $5,000, the government will hit you with a 24 percent federal withholding
New Jersey Lottery Questions and Answers - lottery taxes
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This follows state law effective January 1, 2018 Federal Tax Non-Video Lottery prizes over $5,000 will have both the 8% state and 24% federal taxes withheld
lottery sambad 6pm today How lottery prizes or winnings affect your taxes or potentially unemployment benefits, depends upon your individual financial situation Winning a lottery prize
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