How much tax do you have to pay on New York lottery winnings?


Individuals who play the lottery in New York will be subject to an 8.82% state tax withholding as of December 2012. In Addition to that, NYC residents will pay an additional 3.648% in taxes. Yonkers residents will also pay an additional tax on their lottery winnings of 0.897%.
Q&A Related to "How much tax do you have to pay on New York..."
1. Gather the W-2G forms that you’ve received with your lottery winnings. If you receive annuity payments, a W-2G Form will be provided with each check. 2. Open a Web browser
How much you pay ultimately depends on your own tax situation and tax rate. There is no specific rate or category for income from types of gambling. The withholding (like from a payroll
35% Federal and 30% New York Income Tax.
Both federal and state taxes are applicable on lottery winnings, though in some
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