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Do they take taxes out of Ga lottery on 5000 before you collect?
Wiki User
∙ 15y ago
Assuming you are not a non-resident alien, there is no federal withholding on a prize of exactly $5000 unless you are subject to backup withholding. On a prize of $5000.01 or more, there would be withholding.
Georgia withholds at a rate of 6%. Several documents I found say this applies to prizes of "more than $5000." However, I looked up the actual Georgia code and it says "$5000 or more."
Whether they take any taxes out or not, you still have to declare the full amount on your tax return at the end of the year and pay taxes at that time.
Wiki User
∙ 15y ago
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What is the taxes on the Florida lottery?
In Florida, lottery winnings are subject to a 24% federal withholding tax for U.S. citizens and resident aliens for prizes above $5,000. Additionally, there may be state taxes on lottery winnings depending on the amount won and the winner's personal tax situation.
How much are taxes in Florida on 5000 dollars?
None. Florida doesn't have State Income taxes and the threshold for Federal Income taxes is more than $5000 as the Standard Deduction for a single person for 2014 is $6200.
What shall you do for April Fools' Day?
send message to a friend from a new no. tell him that he had won a lottery of 5000$
If you made less than 5000 will you get a return on taxes?
Yes. Yes.
How many monster tabs to you need to collect to get a free monster sweatshirt?
5000
What does 5000 BC stand for?
it means 5000 years before the birth of Christ
How do you cheat at bingo bash a bonus of 5000 chips?
Just play every day and try to collect all the collection in all the world and collect all the trophies!
It is March 21 and you have to collect 5000 to make your quotathere are 7 working days left in the monthhow much do you need to collect per day to meet your quota?
714.29 (rounded)
How much are the taxes on a 5000 lottery win?
Roughly $1500 It changes from person to person..it can be as low as 0. The money is taxed as ordinary income, which keans you pay a tax on it based on your own personal situation, considering other income, other deductions, exemptions, state of residence, etc.
You sold a pickup for a 5000 loss Can you write it off of your taxes?
Presuming you didn't own this as a business asset: NO.
When Ramayana occurred?
Before 5000 years.
Did blowguns used in 5000 BC or before?
yes
