Welcome Guest
Log In | Register )
You last visited January 19, 2017, 9:52 am
All times shown are
Eastern Time (GMT-5:00)

How Much Taxes Do They Take Out In Va

Topic closed. 8 replies. Last post 2 years ago by Mardell.

Page 1 of 1
PrintE-mailLink
Avatar
chester, va
United States
Member #158093
August 11, 2014
29 Posts
Offline
Posted: August 16, 2014, 6:34 pm - IP Logged

What's the normal cash value after taxes if you hit for the 5 thousand

    Avatar
    Winner
    South Carolina
    United States
    Member #155844
    May 31, 2014
    1926 Posts
    Offline
    Posted: August 16, 2014, 6:39 pm - IP Logged

    I hit for $2600 there once. Got $2600 check.

      grwurston's avatar - 144
      Let's Go Rangers!!!
      bel air maryland
      United States
      Member #90251
      April 24, 2010
      5111 Posts
      Offline
      Posted: August 16, 2014, 6:44 pm - IP Logged

      What's the normal cash value after taxes if you hit for the 5 thousand

      Click on USA MEGA on the left side of the page. Its under the quick links section. Then click on the FAQ's and scroll down to the section on taxes.

      "You can observe a lot just by watching." Yogi Berra, Hall of Fame baseball player.

      The numbers will tell you what numbers to play. Pay attention to the numbers.

      Don't just think outside the box, crush it.

        Avatar
        chester, va
        United States
        Member #158093
        August 11, 2014
        29 Posts
        Offline
        Posted: August 16, 2014, 6:51 pm - IP Logged

        I'm hearing different things they take taxes out if u have a multiple ticket they just tax that ticket then I'm hearing they tax every ticket then I'm hearing they don't tax if you don't owe but you have to report it when you do your taxes I'm confused I just need to hit so I can go down there myself lol

          Avatar
          Winner
          South Carolina
          United States
          Member #155844
          May 31, 2014
          1926 Posts
          Offline
          Posted: August 16, 2014, 6:57 pm - IP Logged

          I just said no taxes. Do u need to see the copy of check. Dang

            Avatar
            chester, va
            United States
            Member #158093
            August 11, 2014
            29 Posts
            Offline
            Posted: August 16, 2014, 7:02 pm - IP Logged

            And u saw I didn't reply 2 u but you right

              Avatar
              Winner
              South Carolina
              United States
              Member #155844
              May 31, 2014
              1926 Posts
              Offline
              Posted: August 16, 2014, 7:18 pm - IP Logged

              They use Bank of America

                LottoBux's avatar - 2elh5if
                Ontario
                Canada
                Member #109243
                April 9, 2011
                31439 Posts
                Offline
                Posted: August 16, 2014, 9:45 pm - IP Logged

                What's the normal cash value after taxes if you hit for the 5 thousand

                From The Virginia Lottery FAQ Page

                Are prizes taxable?

                 Yes. All prizes are subject to income taxes. We must withhold federal and state taxes from each prize over $5,000 -

                25% for federal taxes and 4% for state taxes. For all prizes over $600, the Lottery will issue a federal form W2-G to the winner.

                                       

                  Mardell's avatar - peace
                  dumfries, virginia
                  United States
                  Member #107401
                  March 7, 2011
                  753 Posts
                  Offline
                  Posted: August 17, 2014, 10:00 am - IP Logged

                  Va will take out taxes If you want them to, that is If you go to one of their regional offices. You can just pay the taxes at the end of the year.