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Do You Have to Pay Taxes on Winnings?

Do You Have to Pay Taxes on Winnings?

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california taxes on lottery winnings
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When you win the lottery, the winnings are taxable income, and you must pay federal and state taxes You may be subject to the highest tax bracket depending on

Yes, gambling winnings are taxable in California Players are obligated to report them on both their federal income tax returns and state tax Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%

slot auto wallet ฝาก 5 รับ100 ล่าสุด 2023 California states that no state or local taxes shall be imposed on the sale of lottery tickets or shares of the lottery or any prizes  California does not tax California Lottery winnings, however it taxes lottery winnings from other jurisdictions For SuperLotto Plus and Mega Millions

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