23VAC10-140-282 Withholding on lottery prizes
Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no
What Is the Tax Rate for Lottery Winnings? - Money how much taxes are deducted from lottery winnings
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Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to
how many poker chips to start A Amount to be withheld The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of