Yes, it is for 2022. I am not sure of their tax exemption status. They are a local volunteer Fire Department. All of their raffle literature indicated winners were responsible for all taxes for prizes over $5000. I just assumed paid the IRS vs. the Payer (raffle organization).
On a related note. The IRS website says the tax withheld for winnings is 24% not 25%. Can you confirm? In my case, the Payer withheld exactly 25%.
Any issues for me paying in more taxes than required???
