Month: April 2020

How are Lottery Winnings Taxed?

How are Lottery Winnings Taxed

Lucky Nashua, NH Resident Seeks Advice

Lottery, and other winnings throughout the year, that are $600 or more are taxed by the IRS.  If the money is received as a lump sum, you will pay the full tax amount.  If it is drawn out over several years, you will be taxed by what you receive for each calendar year.  The federal tax on winnings is 24% when and the local government will also take their own portion for taxes.  You can expect to pay between 30-35% of taxes on your winnings.

Continue reading


Get in Touch

(603) 429-2009

Call Us Today

Sign up for Our Newsletter

Subscribe for news and updates.

405 Daniel Webster Hwy
Merrimack, NH 03054
(603) 429-2009

Regular Hours

Sunday: Closed
Monday: 9AM-4PM
Tuesday: Closed
Wednesday: 9AM-4PM
Thursday: Closed
Friday: 9AM-3PM
Saturday: Closed

Tax Season Hours (Feb 1 - Apr 15)

Sunday: Closed
Monday: 9AM-5PM
Tuesday: 9AM-5PM
Wednesday: 9AM-5PM
Thursday: 9AM-5PM
Friday: 9AM-4PM
Saturday: 9AM-2PM