Location matters when you buy those Powerball tickets

Location matters when you buy those Powerball tickets taxes on lottery winnings ohio All income received from State lottery programs reported on IRS form W-2G or any other form required by the IR S that reports lottery winnings Sidney, Ohio taxes on lottery winnings calculator canada All income received from State lottery programs reported on IRS form W-2G or any other form required by the IR S that reports lottery winnings Sidney, Ohio

taxes on lottery winnings calculator canada While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding

taxes on 100 000 lottery winnings 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  The Ohio Lottery withholds a 25 percent federal tax and 4 percent state tax for prizes of more than $5,000, but winners may owe additional taxes