Can I cash out a lottery ticket in a different state than where it

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For prizes over $5,000, the Lottery is obligated to withhold 24% for federal income tax and % for state income tax, according to the

Similar to casino and sports betting activity, the state will tax lottery winnings at the rate of % According to Grand Rapids area New Jersey Lottery winnings from prize amounts exceeding $10,000 became subject to the Gross Income Tax in January 2009 Withholdings

kolkata fatafat jackpot Like other income in the United States, the IRS taxes lottery winnings Lottery winnings are considered ordinary taxable income for both federal and state tax lottery jackpot ever won The lucky ticket was sold at the Food Both prize options are before taxes Other top-winning tickets