Lottery winners will have to pay taxes on their jackpot.
Karin Price Mueller | NJMoneyHelp.com for NJ.com
Q. Let’s say I won a big lottery and choose the lump sum payment. If I win in July or August and don’t collect immediately, then move to a lower tax state and collect the lottery after establishing residency, can I save on taxes? Or am I stuck being taxed by New Jersey?Note to readers: if you purchase something through one of our affiliate links we may earn a commission.
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