Ask Axios: How do Ohio Lottery taxes work for Powerball, Mega

As a general rule, if you live in one state and win a lottery in another, you are first taxed by the state where you bought the lottery ticket

Ask Axios: How do Ohio Lottery taxes work for Powerball, Mega This section levies a flat tax rate of 30% in addition to 4% Cess, which comes to % Lets have a look at Income Tax on winnings from

As a general rule, if you live in one state and win a lottery in another, you are first taxed by the state where you bought the lottery ticket

how does housing lottery work Yes, lottery winnings can be legally shared with family or friends However, the full amount is initially taxed at 30% before distribution If

How much the winner could owe in taxes Before seeing a penny of the jackpot, the winner will pay a 24% mandatory upfront federal withholding

how to purchase lottery tickets online How much the winner could owe in taxes Before seeing a penny of the jackpot, the winner will pay a 24% mandatory upfront federal withholding

When you begin selling those investments and making profit, you might have to pay tax The rate you'll pay is either 10% or 20% It's 10% if you are a basic