New Jersey Lottery Questions and Answers -

does lottery winnings get taxed
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There's no tax to pay when you win the lottery! Result! However, you might have to start paying tax when your winnings start making you money

Lottery winnings are taxed for the year in which they are collected, allowing winners who choose annuities to spread out the tax bill If you win a house, boat,

does ace count as 1 in poker State lottery winnings are reportable to the IRS where the State agency conducting the lottery requires a winner to complete federal Form W-2G, Certain Gambling

does lottery tickets expire Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax