I just won $2000 on Keno in Ohio and was wondering what the taxes would be on it? Does anyone know or have a close guess as to what it would be?

 

Comments

  • It’s income tax, so whatever % you paid on your last tax return, that’s going to be close.

    If you make more, you’ll pay more taxes, you make nothing, you’ll pay nothing.

  • Its usually around 31% which is the amount taken from a person claiming single an 0 on there W2 but it could be lower it really all depends on the state the lottery was won in. In Ohio the federal tax rate that will be withheld from your winnings is 25% and they will also hold out 6% for state

Comments are closed.