Withholding Tax Frequently Asked Questions
Withholding Tax Frequently Asked Questions
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The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of $5,000 The tax shall be
Find out how much you'll pay in Virginia state income taxes given your annual income Customize using your filing status, deductions, —Lottery prizes of less than $600 may be subtracted from federal taxable income A subtraction is not allowed for the first $599 of a prize of $600 or more (
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