Investment and Tax Information
Winning the Lottery can be an exciting and life altering experience. Whether you win millions or thousands, investing wisely can make a big difference in your future.
The Vermont Lottery strongly urges lottery winners to contact Financial and Tax professionals prior to making spending and investment decisions. You can find information about financial planning from the Certified Financial Planner Board of Standards, Inc. www.CFP.net. This organization maintains a list of certified financial planners and can provide information regarding investment and tax needs.
Lottery winnings over $5,000 are subject to Federal Income Tax Withholding of at least 25% and Vermont State Income Tax Withholding of at least 6%. Each January the Vermont Lottery Headquarters will issue W-2G’s to all winners of $600 or more on a single ticket in the preceding calendar year.
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