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

• jnlmhny

  

  manchester nh
  United States
  Member #128,662
  May 30, 2012
  2 Posts
  Offline
  May 30, 2012, 11:25 pm

  ▲▼

  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

  

  NY
  United States
  Member #121,955
  January 21, 2012
  3,169 Posts
  Offline
  May 31, 2012, 8:26 am

  ▲▼

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

  
• dkwillis2000

  

  United States
  Member #89,327
  April 5, 2010
  5,806 Posts
  Offline
  May 31, 2012, 8:53 am

  ▲▼

  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

  

  manchester nh
  United States
  Member #128,662
  May 30, 2012
  2 Posts
  Offline
  May 31, 2012, 10:45 am

  ▲▼

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