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IRS Raffle withholding Rate changes for 2019

posted Jan 7, 2019, 2:33 PM by Parish Assistance
The IRS has changed the withholding rates for raffle winners.  Please note that the withholding rate for winners is now 24%.  If your entity pays the taxes on behalf of the winner - the withholding rate is now 31.58%.  Updated W2G forms can be found on this website under the Fundraising Tab - Raffles
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