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Taxed as any other ordinary income...meaning at your own personal rate consideing all deduction, exemptions, etc.

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16y ago

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Related Questions

How much taxes do you have to pay on your ca lottery winnings?

California does not tax have a state income tax on lottery winnings. The federal withholding rate amount is 25 % to be withheld from the winnings amount.


How much taxes are paid on lottery winnings in Kansas?

Tax is withheld on all winnings in the Kansas lottery over 5,000 dollars. If less than that is won, the amount won should be claimed on tax forms.


What is the taxes on the Florida lottery?

In Florida, lottery winnings are subject to a 24% federal withholding tax for U.S. citizens and resident aliens for prizes above $5,000. Additionally, there may be state taxes on lottery winnings depending on the amount won and the winner's personal tax situation.


Where do you collect your lottery winnings?

Lottery winnings are typically collected at the state lottery office or through a designated lottery retailer.


Where do you claim your lottery winnings?

You can claim your lottery winnings at the official lottery office or designated claim center specified by the lottery organization.


Where do you go to collect lottery winnings?

You can collect lottery winnings at the lottery office or designated claim center specified by the lottery organization.


When are lottery winnings taxed?

Lottery winnings are taxed as income by the federal government and most states.


Where do you go to claim your lottery winnings?

To claim your lottery winnings, you typically need to go to the lottery office or headquarters where you purchased the winning ticket.


Are lottery winnings taxable?

no


Can you bequeath lottery winnings by will in Ohio?

According to the information at the link below your heirs are entitled to any unpaid lottery winnings.


How do you claim losses on lottery winnings?

Since winnings are the opposite of losses, your question is very confusing. Perhaps your lottery winnings were stolen. If so, you can report the theft to the police.


Can a convicted felon or someone on full disability receive Ohio Lottery winnings?

Yes. Both are utterly irrelevant to lottery winnings.