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

what is the federal tax on lottery winnings
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Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

The federal requirements to file information returns and withhold federal income tax from gambling winnings depends on several factors, such

what is bad beat in poker Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big

what is a buy in in poker If you win the lottery, it can drastically change your tax bracket According to the IRS, a family's top federal tax rate could increase from 22