CA Lotto: What Is the Tax on Lotto Winnings in California?

tax on lottery winnings california
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Three of the ten largest lottery jackpot winning tickets in US history have been sold in California “Taxes take a big bite out of your

California doesn't take taxes from lottery winnings, but the IRS sure does These are just some of the rules pertaining to Powerball If you win the Mega Millions jackpot in California, you'll be happy to know that there are no taxes on lottery winnings in the state That's

82 lottery real or fake Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting a little more than $12 million from the annual 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