State of NJ - Division of Taxation

TDS and Income Tax rates on winnings from Lottery and Game Shows tax rate on lottery winnings The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab taxes on 2 million dollars lottery winnings You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize

tax act lottery calculator A Amount to be withheld The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of