I won a $5000 jackpot in Oklahoma. How much taxes should I expect to pay?

Question

Any ideas or places I could find this info?

Answer 1

Generally, with state and federal taxes, you will get half of the money.

Answer 2

It's taxed as ordinary income, so it depends upon your other income and your marginal rate.  Without knowing your total tax situation it's not possible to say exactly.  If you're in a 15% bracket, it would be $750 and if you're in a 25% bracket, it would be $1,250.  That's for Federal.  OK income tax rate tops out at 6.65% and that kicks in at a pretty low level so you'll probably max out on that at $332.50