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has anyone won $1000 on a $10 scratch ticket in nh?

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Topic closed. 3 replies. Last post 1 year ago by jnlmhny.

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jnlmhny
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manchester nh
United States
Member #128678
May 30, 2012
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Posted: May 30, 2012, 11:25 pm - IP Logged

What can i expect to pay for taxes at tax time. Is it really 28%? New hampshire doesnt take out any tax from the $1000 but they send the irs a w2g form. Thank you for your help :)

    RedStang
    RedStang's avatar - horse zpse0195a80.jpg
    Dutchess , NY
    United States
    Member #121976
    January 21, 2012
    1410 Posts
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    Posted: May 31, 2012, 8:26 am - IP Logged

    Not sure about taxes, but you should save all your losing tickets when its time to file.

          and make your last check bounce.

      dkwillis2000
      dkwillis2000's avatar - Lottery-036.jpg

      United States
      Member #89358
      April 5, 2010
      163 Posts
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      Posted: May 31, 2012, 8:53 am - IP Logged

      RedStang has excellent suggestion.  If you save $1,000 in losing lottery tickets (of any type), if you itemize deductions, you can deduct make that deduction of $1,000.  You cannot "deduct" more than you have won (even though we all lose more than we win).  That should help.

      If you don't itemize -- then 28% is just about right.

      Congrats on your win!

        jnlmhny
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        manchester nh
        United States
        Member #128678
        May 30, 2012
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        Posted: May 31, 2012, 10:45 am - IP Logged

        Thank you!!! I definitely will have enough to deduct!!

           
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