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Topic closed. 1 reply. Last post 10 years ago by RJOh.
I've gone to some sites to see the Megaball jackpot analysis results and other sites and the numbers are different. They all subtract the federal 25% from the lumpsum correctly. But when it comes to the state taxes, some subtract from the result after the federal tax was subtracted (As you would do in a regular tax return) and others subtract directly from the lump sum. Which is the correct way?
In Ohio, the amount you pay state taxes on is copied from your federal tax forms, so the taxable amount is the same for both.
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