$ billion Powerball jackpot: What is the tax bill in Ohio?
$ billion Powerball jackpot: What is the tax bill in Ohio?
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Paying Taxes on Ohio Lottery Winnings The federal withholding amount on any lottery winnings is 25% The state tax withholding for Ohio is an additional 4% If
Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37% The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or not That's because the 37
come aprire una sala slot Ohio Lottery website They took the full payout, so after the mandatory state and federal tax equaling 28%, they will split $360,000 The two Nonresidents must also file if they have Ohio-sourced income This includes: Wages and other compensation ;; Ohio lottery and casino
