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Lottery Tax

In:

Submitted By shaodayo
Words 445
Pages 2
State Income Taxes on Lottery and Gambling Winnings Greater than $5,000
California
Wins Prize in State of Residence
Taxable as
Taxes withheld from winnings
Federal (25%, 28%, or 30%)
State
Local
Wins Prize in Other State
Taxable as

Georgia

Idaho

Maryland

Missouri

Ohio

Not Taxable

Ordinary
Income

Ordinary
Income

Ordinary
Income

Ordinary
Income

Ordinary
Income

Yes
Not Taxable
No

Yes
6.00%
No

Yes
7.40%
No

Yes
8.75%
No

Yes
4.00%
No

Yes
4.00%
No

Ordinary
Income
Yes

Ordinary
Income
Yes

Ordinary
Income
Yes

Ordinary
Income
No

Ordinary
Income
Yes

4/15, 6/15,
9/15, 1/15
6.00%
$100,000

15-Apr

60 days after receiving 5.75%
$300,000

4/15, 6/15,
9/15, 1/15
6.00%
$9,000

4/15, 6/15,
9/15, 1/15
5.33%
$208,500

Ordinary
Income
Credit available for income taxes No paid to Other State?
Estimated Tax Payment due by
4/15, 6/15,
9/15, 1/15
State's Maximum Tax Bracket
12.30%
2014 Max Bracket Floor
$519,687

Prepared by
Ta-Yu Shao, Tax Associate
Janeen Smith-Hughes, Tax Associate
S. Lewis and Associates
September 2015
References attached

7.40%
$100,000

State Income Taxes on Lottery and Gambling Winnings
September 2015
References
Cell(s)
B5, B7-9,
B12, B13
B14
B15, B16
C5, C12
C7-9
C13, C15, C16

Link http://static.www.calottery.com/~/media/Publications/Popular_Downloads/winnershandbook_english9-13_sjk_02.pdf https://www.ftb.ca.gov/individuals/FileRtn/7.shtml#1 https://www.ftb.ca.gov/individuals/faq/ivr/208.shtml https://www.ftb.ca.gov/forms/2014_California_Tax_Rates_and_Exemptions.shtml http://dor.georgia.gov/filing-requirements http://www.galottery.com/help/faqs#14 http://dor.georgia.gov/sites/dor.georgia.gov/files/related_files/document/TSD/Booklet/TSD_Form_IT511_Instructions_201 4.pdf
C14

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