Taxes on Lottery Winnings Explained

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

Tax Band 2: Any portion of the prize exceeding Cop70,000 is subject to a tax rate of 20% Italy - There are seven tax bands Tax Band 1: Tax-free up to €100

what''s a flush in poker You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize

what is a hand in poker Yes Lottery winnings are treated the same as money earned from a job When you file your taxes, you'll need to report the lottery winnings as