I just claimed myself when they had me fill out the tax forms (can't recall which ones) when I was initially hired, so they would take less in taxes out of each paycheck, if that's what you meant by my withholding.
I definitely will try to look that up. This all seems a little complicated...
So does that mean they're automatically going to take the taxes for your winnings out of your wages? I only work a part-time minimum wage job (it's only my fourth week and the hours have been increasing from 8 to about 23 per week so far and wages come bi-weekly), so if taxes end up eating all...
While we're talking about taxes.....I only enter cash sweepstakes and figure that if the prize comes as a check, the taxes can be taken out of the check, but what about gift cards? I've been staying away from sweepstakes that give out cash as gift cards, because I'm not sure if the taxes can be...
You should also do something else besides sweeping in your spare time, so you're not focused and obsessed with winning. I have managed to get lucky and win smaller contests on Facebook for movie tickets and anime con tickets. ^^
@Amyshulk: Thank you for letting me know! I'm neither a dependent or on government assistance at the moment, but have no other source of income, so I wasn't really sure about sweepstakes taxes.
I'm not, and have never been employed. Would I still file a tax form for a prize I won? Internet research has given me some very mixed responses so I'm pretty confused about this.