23VAC10-140-282 Withholding on lottery prizes

does virginia tax lottery winnings
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The lottery winnings are taxable income in the state where you bought the ticket The taxes you pay to that state on the winnings are eligible

The VA Lottery automatically withholds 4% of your winnings for state tax purposes, for example The state considers all other gambling winnings income, so what Currently, the Lottery is required to withhold 24% for federal taxes and 4% for state taxes If you win a large prize, it's a good idea to talk

lottery jackpot saturday Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and the Whoever has the winning ticket should contact the Virginia Lottery immediately Virginia law assesses a graduated tax on a casino's AGR, or wagers