23-2015066
35-1772892 This is the FEIN.
W-2G and 5754
California does not tax have a state income tax on lottery winnings. The federal withholding rate amount is 25 % to be withheld from the winnings amount.
Washington State does not have a personal income tax, so you will not pay any state income tax. You will still pay Federal income tax on lottery winnings, though.
No. Your lottery winnings will be reported on your 1040 federal income tax return and the taxable amount will be subject to the income tax at your marginal tax rate.
Claiming your lottery winnings DOES NOT have any thing to do with the filing of your 1040 federal income tax for the tax year 2009. BUT you should be getting all of your federal and state tax forms completed completely and correctly this year by OCTOBER 15, 2010.
I won a lottery ticket in Wisconsin, worth $10,000, how much federal and state tax will be taken out?
When they send you the 1099 for your winnings last year it will be listed on that form.
At the end of the tax year after your 1040 federal income tax return is completely and correctly YES.
There are no state or local taxes on lottery winnings in Pennsylvania. There is however a federal tax of 25 percent of the winnings for any prizes that are over $5,000.
What ever your marginal tax rates are. For 2009 and 2010 from 10% to the 35% maximum marginal tax rate for the federal income tax return.