Taxes on Lottery Winnings by State 2024

After the raffle is over, fill out the tax forms and mail them to the lottery commission The tax due is 5% of your proceeds To calculate the tax, multiply the

Prosecutors say Ali Jaafar, 63, and Yousef Jaafar, 29, both of Watertown, unlawfully claimed more than 14,000 winning Massachusetts lottery

massachusetts lottery games For prizes of more than $600, 5% is withheld and sent to the Massachusetts Department of Revenue For prizes $5,000 and greater, 24% of the prize is withhel

massachusetts lottery news Here's how it works: Winning ticket holders don't particularly like paying the tax due on larger wins And they often don't like going public,