Tallying Up the Taxes on Lottery Winnings - TurboTax

These states do have lottery state taxes but offer the lowest tax rates Colorado, Missouri, Ohio, Virginia

tax rate and who does the income tax apply to? Every person who anticipates a net tax liability of at least $200 is required under Ohio law to make estimated

lottery taxes in texas The initial state withholding taxes are based on published guidance from each state lottery and the final state tax rates are from state government publications

lottery tickets with big prizes left If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding