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In Georgia, lottery winnings, including those from Fantasy 5, are subject to federal and state taxes. When you win, federal taxes of 24% are withheld immediately for winnings over $5,000, and state taxes of 5% are also withheld. Additionally, depending on your total income for the year, you may owe further taxes when you file your tax return. Thus, you effectively pay taxes on your winnings at both the state and federal levels.
What else can I help you with?
How many times bigger is New Mexico than Georgia?
Just over 2 times as big as Georgia.
How many times are taxes mentioned in the Bible?
Approximately 23 times
How many times are taxes referenced in the new testament?
17 times.
How many times has Georgia beaten Clemson in football?
102 times
How many times has Georgia beat the Texas longhorns in football?
Through the 2008 season, Texas and Georgia have played four times with Texas winning three times and Georgia winning one time.
Has the American alligator been seen in Georgia?
Yes, it has been seen in georgia many times.
how many times has georgia bulldogs beat florida gators?
The Florida fans say that Georgia has beaten them 48 times, Georgia fans say it's been 49. The extra one that Georgia claims came in 1904.
How many times can you use new game plus in final fantasy x-2?
Infinitely.
How many times can you file Chapter 7 bankruptcy and can you claim taxes?
No limit
What was Final Fantasy 6 known as in the US?
It was originally released as Final Fantasy 3 back in 1994, but has been released under the correct name many times since.
How many times did Rorald Reagan lower and rise taxes during his term?
eleven
Does Mitt Romney want to raise taxes on the wealthy?
No, he has said many times that he does not believe in increasing taxes on the wealthy, since he views them as job creators.
