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

taxes on 1 million lottery
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If a sole winner of Saturday's prize is taxed up to 37% and lives in a state where the only taxes required are federal, they will take home an

Surcharge equals 15% of the income taxes paid if the amount is greater than one billion, one hundred million, or one million 1,50,000 in

taxes on million dollar lottery Taxes on Lottery Winnings, Raffles, Charity Drawings, and Sweepstakes by Wager Tax on winnings should be reported to you in Box 1 of IRS

taxes for lottery winnings IRS means the Internal Revenue Service State lottery winnings means lottery winnings from a wager placed in a state-conducted lottery where the wager is placed