Out of state tax

Reply #3

Abe — Tue, 16 Apr 2002 18:43:28 GMT

It all depends on where you claim residency. I think it'll be too late to move once you've won it already. It's just like any other income, if you pay state income tax on your regular job salary then you're going to have to pay it on any lottery winnings from anywhere in the world (whether or not the lottery system reports to the IRS - it's still your responsibility to report it).

Reply #6

trayb — Tue, 16 Apr 2002 18:40:51 GMT

Except TN. There is no state tax. Just claim yourself as a resident if you win. You will only pay federal taxes.

Reply #5

CASH Only — Tue, 16 Apr 2002 17:59:49 GMT

Withholding rate dropped July 1, 2001; again Jan 1, 2002.

Reply #2

DerrickWongJr — Tue, 16 Apr 2002 17:59:43 GMT

Say said person has friends and family in NJ, could Pa. winner move to NJ before validating ticket? What right does Pa. have to a NJ lottery

Reply #4

Guest — Tue, 16 Apr 2002 17:55:33 GMT

Lottery winnings in most states is considered same as personalincome, so i would think that your home state will get their share...check with your local state tax people..Oh and the 28% that is taken for federal...better check that too because you probably end up paying 38.6% based on total income minus deductions.

Reply #1

CASH Only — Tue, 16 Apr 2002 17:54:34 GMT

27% federal (no longer 28). PA residents (like NJ) have to pay state tax on out-of-state lottery wins.

Out of state tax

DerrickWongJr — Tue, 16 Apr 2002 17:51:01 GMT

Can someone help me out with this question?E.g. Someone lives in Pa. and buys BG winning tickt in NJ. He pays 28 % federal tax and 0% NJ because NJ has no tax on lottery, does Pa. get it's hands in the mix