Here's the tax bill for the $875 million Powerball jackpot

Here's the tax bill for the $875 million Powerball jackpot ny lottery tax New York City, for example, applies a local tax of percent in addition to the top state income tax rate of percent and the top federal rate of 24 ny lottery win 4 evening State taxes on Powerball wins Most states impose a tax on lottery wins New York levies the highest tax on wins at %, followed by Maryland

ny lottery win 4 evening If you live in PA and buy a lottery ticket in NY, you will have to file a New York return The taxes you pay to NY will be eligible for a credit

ny lottery post numbers File this form to report gambling winnings and any federal income tax withheld on those winnings The requirements for reporting and The lottery will withhold state tax using the highest tax rates in effect, which is currently % The New York State Lottery is required to