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No. Your lottery winnings will be reported on your 1040 federal income tax return and the taxable amount will be subject to the income tax at your marginal tax rate.

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13y ago
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12y ago

yes

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11y ago

No.

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Q: Do disabled veterans in New Jersey pay taxes if they win the lottery?
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Related questions

Do disabled veterans pay auto sales taxes?

yes


If I am 69 years old and disabled do I have to pay taxes on the money I won from the Florida lottery?

Not it it's less then 600.00


Do veterans pay property taxes?

In most states in the United States veterans are required to pay property taxes, unless they qualify as a permanently disabled veteran. Some stated allow for the late payment of real estate taxes for active service in the armed forces (for example in Iraq) or returning troops. Ask your local assessor or tax collector for your state about how veterans can qualify.


Are New Jersey lottery winnings subject to state taxes?

nearly fifty percent it is around forty-something percent


Can the state of Mississippi garnish disabled veterans checks for debts owed to states?

Depends on the nature of the underlying debt. If it's for taxes, penalties, fines, or child support, likely yes.


Do veterans have to pay taxes?

Yes everybody must pay taxes.


What are the taxes on 800000 dollars?

What are the taxes on an 800,000 lottery win in the state of MS


What does the government do with the taxes from lottery winnings?

Taxes on lottery (or gambing, etc) winnings are the same as any other ordinary income in both amount and use.


What is the taxes on the Florida lottery?

The taxes withheld from Florida lottery winnings is 25 percent as required by the IRS. This only applies to winnings over the amount of $5000.


If you receive Veterans Comp. do you have to file taxes?

No


Does a veteran have to pay taxes on $50,000 lottery winings?

If you don't want to be sued for tax evasion, even as a veteran, you would have to pay taxes on $50,000 in lottery winnings.


Do you pay state and federal taxs on MD lottery?

do I have to pay State and Federal taxes on Md. lottery winnings