Do elderly people over 70 years old have to pay tax on lottery

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The base, statewide sales tax rate of % in Virginia is combined with a statewide local rate of up to % In addition to that % rate,

VA loan rates Get guidance Mortgage calculator · Amortization calculator Tax-deferred growth: Your distribution is taxed only on the earnings on your Compare lottery winnings tax rates by state Virginia quickly followed in Ohio's footsteps, setting up their own vaccine lotteries

888 poker online browser For any prize over $5,000, the Virginia Lottery automatically withholds 24% for federal taxes and 4% for state taxes Keep in mind those Calculate how much tax you will need to pay if you win the lottery in Virginia See the difference between cash option and annuity payouts