Lottery Calculator - The TurboTax Blog

No income tax Ohio % Georgia % Oklahoma % Hawaii No lottery Oregon % Idaho % Pennsylvania None Illinois

Here's why: Millions in lottery winnings will push you into the top federal income tax bracket For 2023, the 37% rate applies to taxable

ohio ohio lottery Again, these are marginal tax rates — not all of the winnings are taxed at the top rate If you live in a big city, you will then need to deal

ohio lottery calculator The lump sum payout will drop to $ million after a mandatory federal tax withholding of 24% Ohio, two in Texas and one in