What $ amount do you start paying taxes for a cash prize?
Submitted by admin on February 23, 2010 – 12:58 pmNo Replies
A web user asks, I have just recently won $500 dollars cash prize at a contest at my work. My work taxed the cash prize…. I thought that the taxes start at $1000. Could someone clear up the Tax Rules on Cash Prizes less than $1000 in Pennsylvania?
I think I understand your answers; does this still apply when it says “CASH” prize not check?
Can you help them out? Post your advice!
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