Ohio Gambling Tax Calculator: How To File, FAQs On W2Gs
Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and the
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¶16-305, Subtractions--Lottery Winnings Individuals and estates are subject to income tax on lottery winnings, prizes, and awards ( Sec
taxes paid on lottery winnings Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%