Typically, prizes over $600 will 5% witheld and setnt to the department of revenue. For larger prizes, up to 24% can be held and wil be sent to the IRS and an additioanl 5% is sent to the Massachusetts department of revenue.
Category:
ma
Typically, prizes over $600 will 5% witheld and setnt to the department of revenue. For larger prizes, up to 24% can be held and wil be sent to the IRS and an additioanl 5% is sent to the Massachusetts department of revenue.