Oregon - Subtractions--Lottery Winnings

oregon lottery tax
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The prize is subject to federal taxes, while many states also tax lottery winnings Advertisement The winning numbers drawn early Sunday

Whoever in Oregon won the Powerball jackpot on Saturday will owe quite the hefty tax bill when they come forward to claim the lottery prize  Oregon automatically withholds an 8% state tax on all lottery prizes of $1,500 and more If the winner takes the instant payout, as most lottery

mystery bounty poker tournament Since the Oregon Lottery began selling tickets on April 25, 1985, it has earned nearly $ billion for economic development, public education, The Oregon Lottery withholds 8% for state taxes on prizes over $1,500 In addition, the lottery withholds 25% for federal taxes from prizes over $5,000 for