Lottery and gambling winnings
Lottery and gambling winnings
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california lottery tax
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While California doesn't tax lottery prizes, there's a mandatory 24% federal withholding and the winner likely owes millions more Joe
While California doesn't tax lottery prizes, there's a mandatory 24% federal withholding and the winner likely owes millions more Joe However, states with no state income tax, like Florida and Texas, will not tax your lottery winnings And two other states don't tax
lottery sambad 28 01 24 Can you avoid taxes on a Mega Millions payout? Having a winning ticket from a state that won't tax your lottery winnings (including for example, California Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%