23VAC10-140-282 Withholding on lottery prizes

do you pay taxes twice on lottery winnings
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The tax shall be withheld on the entire amount of the prize, not merely the amount in excess of $5,000 The tax must be withheld by the Lottery Department on

This form reports the amount of your Lottery winnings and must be filed with your federal income tax return You should also keep a copy for your records  You do not need to declare the winnings in your Income Tax Return Related Content Pages Individuals required to file tax

best poker sites for us players real money If you take the lump sum, you pay a tax then, and only once If you take the annuity, then you get taxed on each payment After it's taxed, it's winnings from lottery;; activity of owning and maintaining race horses Do I have to pay Advance Tax in respect of income from profession covered in