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

do you pay taxes on lottery winnings every year
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Not only do you have to pay taxes to the federal government on your lottery winnings, you may also need to pay state income taxes as well Not

If you take it in installments, it's taxed annually I never understood why people take lottery winnings in installments The compounding

dogs playing poker original worth Whoever wins a Mega Millions jackpot will still take home a good chunk of change, but they can say goodbye to at least 24% of their winnings right away

does 4 of a kind beat a flush in poker Q- Would the winnings be taxed at the tax slab rate? No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate