Lottery Tax Calculator: How Your Winnings Are Taxed

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Ohio Lottery Rabee won the $20 scratch-off ticket's top prize: $80,000 a year for 25 years before taxes, lottery officials said After

The Ohio Lottery is required by law to withhold 24% federal and 4% state tax on any prize of $600 or more, according to Marie Kilbane Seckers of If last week's drawing was your lucky day, just know that the Ohio Lottery Commission will withhold 28% in income tax up-front (4% state and

slot tweewielers hardenberg Reminder that Tax Day is Monday, April 15! As with any prize, the home's fair market value must be reported on Form 1040 as other income, and will be taxed at your marginal income tax rate Unless they