NJ Lottery Winner's Guide

nj lottery tax
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New Jersey is among the highest state tax rates ultimately taking % of the prize The winnings after taxes According to Lottery Post,

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 tax title The title , An act concerning taxes has received an equally lottery Moses v Mobile , 52 Ala 198 The title , An act

skg slot Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire, New Jersey Gross Income Tax State law requires the New Jersey Lottery to withhold State tax at the rate of 5 percent from any prize in excess of $10,000 and up