New Jersey Lottery Questions and Answers -

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State income tax refunds; State Lottery winnings; Funds from unclaimed property If you believe the amount withheld was incorrect, call 1-800-676-5737 or write

Whether it's $5 or $5,000, from the track, an office pool, a casino or a gambling website, all gambling winnings must be reported on your tax return as other Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a

msn.bet slot 8% for Lottery payouts over $10,000, if the claimant does not provide a valid Taxpayer Identification Number New Jersey Income Tax withholding If so, you must include its fair market value when figuring your income Reporting gambling profits and loss on your taxes Gambling losses can be