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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
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Withholding Rate from Gambling Winnings New Jersey Income Tax is withheld at an amount equal to three percent of the payout for both New
how are lottery winnings paid out The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or not That's because the 37