California winner of record $2bn lottery prize says he is 'shocked

How Much Are Lottery Winnings Taxed? · 24% withheld from $930 million = $232,200,000 · Additional amount you need to pay with a 37% tax rate: $111,900,000 · Total

California winner of record $2bn lottery prize says he is 'shocked Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The

How Much Are Lottery Winnings Taxed? · 24% withheld from $930 million = $232,200,000 · Additional amount you need to pay with a 37% tax rate: $111,900,000 · Total

california lottery super lotto winning numbers If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

taxes, which reduce the payout by more than a third However, California is one of eight states that do not tax Powerball winnings Castro

california lottery daily 4 winning numbers California is one of only nine states that does not apply state income taxes to lottery winnings No lottery at all No state

California does not tax lottery winnings If individuals win the lottery in California, they are not required to pay state taxes on their winnings However,