If one hits a $1200+ jackpot in Iowa, to they withhold taxes when they hand pay?
One of the drawbacks with Indiana is withholding money for the state income tax, so we are looking around.
Iowa Tax Treatment Question
Yes, there is a mandatory 5% withholding for IA state taxes.
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--- In vpFREE_Chicago@yahoogroups.com, "testpro" <testpro@...> wrote:
If one hits a $1200+ jackpot in Iowa, to they withhold taxes when they hand pay?
One of the drawbacks with Indiana is withholding money for the state income tax, so we are looking around.
Thanks for the news.
We had seen there were some good games on both ends of the state, but think the paperwork in filing for a refund "reduces" those good returns.
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--- In vpFREE_Chicago@yahoogroups.com, "jclind82" <jclind82@...> wrote:
Yes, there is a mandatory 5% withholding for IA state taxes.
--- In vpFREE_Chicago@yahoogroups.com, "testpro" <testpro@> wrote:
>
> If one hits a $1200+ jackpot in Iowa, to they withhold taxes when they hand pay?
>
> One of the drawbacks with Indiana is withholding money for the state income tax, so we are looking around.
>