lottery taxation
lottery tickets; in lieu tax
lottery taxation
lottery taxation
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lottery taxation All winnings from an out-of-state lottery are taxable for New Jersey gross income tax purposes, regardless of the amount Page 2 7 ) Q Will the New lottery which are subject to withholding shall deduct and withhold from such payment a tax in an amount equal to 20 percent of such payment The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a