As of January 1, 2018, state law requires withholding 8 percent for prizes of $1,500 or more. For Video Lottery prizes over $5,000, and for Oregon residents with tax ID numbers or Social Security numbers (the majority of players), Oregon Lottery is required to withhold 24 percent for federal taxes.
8% under a certain amount
Not correct Oregon lottery. I had a $6694. Win and you only withheld 8% state and no federal tax.
From our FAQs: "The Oregon Lottery withholds an 8% state tax on all prizes of $1,500 and more. This means that the Lottery will pay your prize minus the 8% state tax. This is in compliance with a state law that went into effect Jan. 1, 2018. Non-Video Lottery prizes over $5,000 will have both the 8% state and 24% federal taxes withheld. Video Lottery prizes only have the 8% state tax withheld."
So i won jackpot $ 3,400 so how much will they take out 400.00
Thanks! Your answer is awaiting moderation.