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Asked by: livingeditor
i recently won 2000 dollars on a scratch off ticket…..do i get taxes taken off on it? and if so how much?
i live in texas
Bash Limpbutt's Oozing Cyst© on May 08, 2012
Lottery wins of $ 600 or more are subject to federal income tax withholding at 25%. The actual tax will depend upon your total income for the year, so the 25% may be just right, too much, or not enough.
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tro on May 08, 2012
a $ 2000 ticket, probably nothing
there is no state income tax in Texas
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