Betting and lottery tax
Betting and lottery tax
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Colorado Department of Revenue is the state agency for DMV, Gaming, Liquor Enforcement, Lottery, Marijuana, Natural Medicine, and Taxation Divisions
TAXATION CHAPTER 30 INDIVIDUAL INCOME TAX Part 25 Estimated Tax and Withholding Withholding Of Lottery Winnings Withholding of lottery The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a
princess margaret lottery Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a
