Smart tax strategies for lottery winners - Tax Insider

Lottery winnings are considered ordinary taxable income by the IRS Even if an installment winner sells the future income stream to another

You'll still be subject to the 3% New Jersey income tax rate on top of everything else Taxable wins are ones of over $10,000 Lottery payouts

nj lottery mega millions NJ: Princeton University Press) Schiavo-Campo, Salvatore, 2017, Government Tax Law and Public Finance, Working Paper 2016-08 Schuck, Peter, 2014

nj lottery post If you have questions about Prize Claims, Tax Requirements or General Lottery information fill out the form below Hours: Monday - Friday 8:30 am