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City taxes and lottery winnings

Topic closed. 4 replies. Last post 13 years ago by Teufellj.

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RJOh's avatar - chipmunk
mid-Ohio
United States
Member #9
March 24, 2001
19824 Posts
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Posted: August 6, 2003, 10:50 am - IP Logged

When I file my city taxes, it clearly state that interest earned on savings, pension plans and lottery winnings are not taxable.  Some cities langauage is not so clear so they will tax anything included on your Federal and State tax forms if they can.  The Ohio supreme court just came out with a ruling.

http://columbus.bizjournals.com/columbus/stories/2003/08/04/daily17.html

RJOh 


    United States
    Member #379
    June 5, 2002
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    Posted: August 6, 2003, 1:07 pm - IP Logged

    NYC (and some other cities) residents who win big are subject to federal, state, AND city withholding.


      United States
      Member #379
      June 5, 2002
      11296 Posts
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      Posted: September 4, 2003, 11:30 am - IP Logged

      Although not exactly on-topic, almost all Connecticut wins $600 or more are now subject to withholding, whether or not you are a CT resident.

        RJOh's avatar - chipmunk
        mid-Ohio
        United States
        Member #9
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        19824 Posts
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        Posted: September 4, 2003, 1:23 pm - IP Logged

        In Ohio, nothing is withheld from prizes $600-$5000, but a winner has to file a form to get his winnings and he receives a W-G form at the end of the year for filing taxes.  Legally all lottery winnings are taxable whether the state withholds monies or not.

        RJOh 


          United States
          Member #89
          January 18, 2002
          2092 Posts
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          Posted: September 6, 2003, 11:04 pm - IP Logged

          Finally! Justice was on the side of the little people that win once in a blue moon!

          Great article RJOH and Thanks,

          Teufellj