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Sun 29 Mar, 2015 11:58 am
I live in NY, went to florida and hit the lottery for 6022.00. They take out 25% for federal off the top. Their is no state income tax in Florida. Do i have to pay NYS income tax on the 6k and do i have to pay any other tax. Also is federal more then 25%. Need to know how much i need to save come tax season. Also earn 70k per year. Thank You
@snoppy,
Who does your taxes for you? That is probably the best source for this information since they will be familiar with your local laws and your financial picture.