california tax lottery winnings
These States Won't Tax Your Mega Millions Winnings
california tax lottery winnings
website california tax lottery winnings Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out california online lottery If you win the Mega Millions jackpot in California, you will be happy to know that there are no taxes on lottery winnings in the state However, California has
california tax lottery winnings California California doesn't tax lottery winnings — that's good news if you win the Powerball jackpot, as Californian Edwin Castro did with That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega
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