How Are Lottery Winnings Taxed in California?

federal tax lottery winnings
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That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and

Depending on your other income and the amount of your winnings, your federal tax rate may be as high as 37% You may also be subject to state

federal lottery What are the lump sum lottery winnings after taxes? The federal tax on the lottery is determined by the federal marginal rates, which is 37 percent in the

federal tax rate on lottery winnings income for the year of change on your federal income tax return must be included in The lottery prize payment is gambling winnings taxed as ordinary income