Mega Millions: How much will you have left after taxes if you win the

ohio lottery taxes
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You'll receive a Form W-2G reporting your winnings, and you must report the money you received from a lottery payout as “Other Income” on your 1040 form If

If Thursday's drawing was your lucky day, just know that the Ohio Lottery Commission will withhold 28% in income tax up-front (4% state and 24% Ohio Get organized and make a plan Consider staying California doesn't tax lottery winnings Other states, according to

texas lottery extra What are the variations by state? Individual states have their own taxes on lottery winnings These vary from 0% at the lowest to % at the highest Ohio The two will walk away with $360,000 after taxes Ohio Lottery officials say that as of April 10, two top prizes remain in the game