0
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.
Wiki User
∙ 9y ago
Wiki User
∙ 13y agoLump sum 1,000,000 X 35% maximum rate for the year 2010 would be 350000 federal income tax liability for the tax year 2010.
Add your answer:
Earn +20 pts
Can a person with a ca id collect winnings in pa lottery?
Yes, state residency is not a requirement for playing the lottery. All that matters is that it is actually your ticket and that you report any larger winnings to the IRS.
Who can intercept lottery winnings in pa if you have debts ie. student loans?
If your in collections and have judgments than I think anyone can take out of it. If you won why not pay them off?
What is Philadelphia PA sales tax on used cars?
Tax increased October 8th, 2009 to 8 percent. Cars are taxed where they are registered, not where you purchased them.
How do you play the PA lottery front and back?
u dont!!
What is the Federal Tax ID Number for the PA Lottery?
23-2015066
What type of service does the website Palottery provide?
The website PA Lottery is also known as the Pennsylvania Lottery. The website for Pennsylvania Lottery has access to many games. It also enables one to purchase lottery tickets online.
How much is it to get Peugeot 106 taxed?
assuming its a 1100cc it will be about £120 pa or £65 for 6 months
Why are the chances of winning the PA lottery so low?
The chance of winning any lottery is low due to the number of people playing it. Lottery is always a game of chance and your odds of winning are dependent upon the number of people playing the lottery at any given time.
Was the Pennsylvania Lottery ever fixed?
yes in pa in 1980 known as the triple six fix
What is 70 percent WM 30 percent PA fabric?
Its made of two products WM and PA in the ratio 70:30
Do you have to file state and local taxes every year in pa?
If you are a PA resident, nonresident or a part-year PA resident, you must file a PA tax return if: • You received total PA gross taxable income in excess of $33, even if no tax is due with your PA return; and/or • You incurred a loss from any transaction as an individual, sole proprietor, partner in a partnership or PA S corporation shareholder. PA law does not exempt a minor from the above requirements to file a PA tax return even if claimed as a dependent on a federal return. The executor, administrator, or other person responsible for the affairs of a decedent must file a PA tax return if the decedent met the above requirements. Pennsylvania taxes eight classes of income: (1) compensation; (2) net profits from the operation of a business, profession or farm; (3) net gains or income less net losses from dispositions of property; (4) net gains or income from rents, royalties, patents and copyrights; (5) dividends; (6) interest; (7) gambling winnings (except Pennsylvania Lottery winnings); and (8) net gains or income derived through estates or trusts.
Is a sandwich taxable in pa?
Yes, most prepared foods anywhere are taxed. In the city of philadelphia they are even debating on taxing cheesesteaks more than the new 8%. Even at McDonalds you are taxed for their food.
