tax information

Reply #4

Bingo Long — Thu, 24 Feb 2005 19:00:07 GMT

Federal taxes only get withheld at $5k, but you get a W2 at $600. State taxes may be withheld lower (in MA it's 5% at $600).

Reply #3

Todd — Mon, 21 Feb 2005 20:57:48 GMT

BTW, congtrats to your mom

Reply #2

Todd — Mon, 21 Feb 2005 20:57:18 GMT

I don't believe they withhold tax on anything less than $5,000, but a simple call to the NY Lottery will clear that up.

Reply #1

pat7948 — Mon, 21 Feb 2005 20:53:28 GMT

Forget to say I am from New York

tax information

pat7948 — Mon, 21 Feb 2005 20:49:01 GMT

help - i am new to this form and i need info. My mom won $754.00 (big deal) on a 4 out of 5 take five ticket. Since it is over $600.00 she needs to mail in her ticket to receive her winnings. She is 91 years old and is retired. Will they take the tax out of her check immediately. The vendor told her that because she is retired she wont have to pay tax. Does this mean her check will come with the tax removed and then she claims it on her income tax to get the tax back