OHLottery MEGA Millions Jackpot Analysis
OHLottery MEGA Millions Jackpot Analysis
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
State taxes, 4% state tax on that cash option prize is $24 million so if somebody wins big here, the state also wins too, Frizzi-Babb said
ohio lottery night pick 4 Lottery jackpots count as any other taxable income They take 24% plus state tax right off the bat, but this gets deducted from your taxes, so
ohio lottery tax The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that
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