![]() Be sure to check your own state’s specific rules, though, as there are exceptions. This rule mirrors application of the federal tax law to gambling winnings. Takeaway #1: In general, a state that imposes a personal income tax levies a tax on gambling winnings of its residents. That leaves forty-one states with a general personal income tax. Accordingly, residents of these nine states do not have to pay to their state income tax on gambling winnings. New Hampshire and Tennessee impose personal income tax only on dividend and interest income. Seven do not: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. ![]() ![]() Not all states, however, impose a personal income tax. This week we take a look at some state tax issues.Įach U.S. To this point, the series has focused on federal law. We’ve covered a lot of content over the past two months.
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