$ billion Mega Millions: How is the lottery taxed in CA?

The payer will deduct 24% from your winnings on the spot if you win above a certain amount · You'll report your winnings and your tax payments when you file

California law prohibits the imposition of any state or local tax on the sale of lottery tickets or shares of the lottery, any prize awarded by the

irs tax on lottery winnings Determine if your gambling winnings are exempt from federal income tax and if you're eligible to claim a refund of withheld taxes

irs lottery tax Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%