![]() Here are the rates at each level.įirst Deposit Only. The parameters change over time, but as of tax year 2022 there were 6 graduated levels. Gambling winnings from Ohio sports betting apps will count as “Other Income” but are taxed as part of your total. Ohio gambling taxes are on a graduated scale based on your total ordinary income. Winnings are taxed at the same rates as regular income. In Ohio it is treated as “Other Income” on Form 1040, Schedule 1. Yes, gambling winnings are taxable on both the federal level and in the state of Ohio whether they are cash winnings or some other payment in kind. Know When To Stop Before You Start.® Gambling problem? Call 1-800-GAMBLER Are Gambling Winnings Taxable in Ohio? Bet amount of qualifying wager returned only if wager is settled as a loss.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |