Keyword Analysis & Research: missouri lottery w2g

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Frequently Asked Questions

Who must file Form W-2G for lottery winnings?

The payer is required to file Forms W-2G based on Form 5754. The person receiving the winnings must furnish all the information required by Form 5754. However, a recipient of winnings from a state-conducted lottery need not provide identification other than his or her taxpayer identification number (TIN).

How do I claim my Missouri Lottery winnings?

The original ticket and claim form should be mailed to: All Lottery winnings are subject to federal and state taxes. The Missouri Lottery is required to withhold 4 percent Missouri state tax on prizes of $600.01 or more, along with 24 percent federal tax for prizes of more than $5,000.

What is the Missouri Lottery tax on lottery prizes?

The Missouri Lottery is required to withhold 4 percent Missouri state tax on prizes of $600.01 or more, along with 24 percent federal tax for prizes of more than $5,000.

Which multi-state lottery games are offered in Missouri?

The Missouri Lottery offers the multi-state games Cash 4 Life, Mega Millions and Powerball - plus, the state is one of just a few where you can try out the Powerball Double Play add-on. Double Play costs an extra $1 and features a second draw where your numbers could win up to $10 million.


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