NONRESIDENT ALIEN'S ANNUAL LOTTERY PAYMENTS

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If your prize is over $5,000, the IRS requires the payor to withhold 28% for federal taxes In addition to federal tax on lottery winnings, your

Yes you do Lottery prizes regardless of the source are taxable as income by the United States citizens are taxed by the United States on If the prize is over $5,000 the Lottery is required to withhold 24% for US Residents and forward taxes to IRS at the time the

lottery winner scream mask To claim a winning ticket with a value larger than $600, you must present proof of your Social Security number or Federal Tax ID number and a photo ID to prove You are then taxed at the appropriate rate based on your income tax bracket It's not quite that straightforward, however… Federal Income Tax