ARTICLE 34 New York State Lottery For Education

Lottery winnings over $5,000 are subject to both federal and state income tax withholding—this is, part of your winnings are automatically paid

Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%

nys lottery powerball Though some states do not have a state lottery tax withholding, they Those in New York state profit the least, at $ million

ny lottery new york Net lottery winnings are the total amount of winnings that remain after subtracting the cost of the lottery ticket The exact amount of tax