Taxes on Lottery Winnings Explained

ohio lottery taxes
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But as lottery winnings are taxed as ordinary income, a windfall of this size would land Jeanne in the highest federal income tax bracket of 37%

If Thursday's drawing was your lucky day, just know that the Ohio Lottery Commission will withhold 28% in income tax up-front (4% state and 24%

ohio bourbon lottery “After mandatory state and federal tax totaling 28 percent will receive $360,000,” according to the Ohio Lottery SUBSCRIBE: Get the day's

ohio lottery drawing The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that