Lottery Tax Rates Vary Greatly By State

does virginia tax lottery winnings
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Lottery winnings aren't income tax-free The IRS and some states will take a share of your windfall, but some states don't tax lottery

California does not tax lottery winnings If individuals win the lottery in In Virginia, lottery winnings are subject to a tax rate of 4% Lottery While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding

lottery result kr 631 The Lottery Department shall file Virginia state income tax withholding returns in accordance with § of the Code of Virginia The Lottery However, income tax is withheld at the rate of 25 percent on any gambling winnings of $5,000 or more from any sweepstakes, wagering pool,