23VAC10-140-282 Withholding on lottery prizes

Income Tax on Awards & Prizes how much tax do you have to pay on lottery winnings 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 how to get broadway lottery tickets The tax is usually deducted at source by the lottery distributor before you receive the payout 2 Can lottery winnings be legally shared

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