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NJ lottery taxes

Topic closed. 1 reply. Last post 9 years ago by TheGameGrl.

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NORTH JERSEY
United States
Member #62017
June 14, 2008
3 Posts
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Posted: June 14, 2008, 4:55 pm - IP Logged

Does anybody know what the total % might be that they take from the total win on the sratch offs?

I think its betw 25%-30% correct?

Oh and the amount won is $150k

Thanks

    TheGameGrl's avatar - character catafly.jpg
    A long and winding road
    United States
    Member #17084
    June 10, 2005
    4576 Posts
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    Posted: June 14, 2008, 9:12 pm - IP Logged

    The norm is 25%. Then at years end the recipient would file federal and state for the rest due.

    ~~Is it true, Is it kind,Is it necessary. ~~~

    pa:888,4445,6132,4444,8008