https://www.lotterypost.com/thread/316184 Lottery Post Forum Topic: Back taxes en-us Lottery Post RSS Generator https://www.lotterypost.com/thread/316184/5315123 https://www.lotterypost.com/thread/316184/5315123 Fri, 03 Nov 2017 00:59:51 GMT grwurston This is from the USA MEGA site.

Are lottery prizes taxable?

Lottery winnings of $600.01 and over are subject to Federal Withholding tax. For winnings of $600.01, up to and including $5,000, you will be issued a W-2G form to report your winnings on your federal income tax form. For winnings of $5,000.01 and over, your state's Department of Revenue removes the 25 percent federal withholding before you receive your winnings check (or, if it is an annuity, from each winnings check). You the... [ More ]

]]> grwurston https://www.lotterypost.com/thread/316184 https://www.lotterypost.com/thread/316184 Thu, 02 Nov 2017 23:00:56 GMT sam9009 If I owe back taxes to N.Y. state and the fed, Beaver street gives winnings to both or just N.Y. state?

Thanks.

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