$ billion Powerball jackpot: What is the tax bill in Ohio?

how much does the lottery tax
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In the case of winnings from horse races, income is taxable at % without any exemption limit · There would be no deduction of any

Before getting your winnings, you'd have to pay a 24% federal tax withholding, which the IRS requires for winnings over $5,000, CNBC explains  3iC6FCI So in this brief video, what I want to do is break down how much taxes the

rajshree lottery sambad old Still, you'll probably owe more when taxes are due, since the top federal tax rate is 37% So a good first step a lottery winner could take is 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