MA to withhold on wins of $600 or morePrev TopicNext Topic

• CASH Only

  United States
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  June 5, 2002
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  Nov 30, 2004, 4:57 pm

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  As of Wednesday, Dec 1.
• Bradly_60

  

  Atlantic Mine, Michigan
  United States
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  June 23, 2002
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  Nov 30, 2004, 6:40 pm

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  How can the state hold on $600 or more?  Thats odd!  In the IRS the payer or any lottery has to withhold after $5,000.  Why would they do it at such a lower amount?  Any more info on this?

   

  Brad
• tg636

  

  United States
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  December 30, 2002
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  Dec 1, 2004, 2:31 pm

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  I think it's a good idea. I found out after winning $1500 that about $600 of it went to taxes, which made my refund about zero that year. It's a rude awakening. I wish they had withheld it from the start so I could have had a more realistic idea of what I really won.

  I think Mass has also had a problem with winners sending bums and other people who don't pay taxes to cash tickets in for them, so the state ends up with no taxes paid on these amounts. This forces people to file a tax return to get the withheld money back, cutting down on these schemes.
• CASH Only

  United States
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  June 5, 2002
  11,296 Posts
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  Dec 3, 2004, 3:35 pm

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  Connecticut started withholding on $600 or more 9/1/2003.