lottery taxes in california
Taxes on Lottery Winnings by State 2024
lottery taxes in california
lottery taxes in california
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lottery taxes in california The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes Non-US residents who win the national lottery will be subject to a 30%-% withholding rate if winnings exceed $ 4 That said, there are The Lottery is required to withhold federal taxes from your prize Keep in mind that federal taxes are subject to change State and local taxes won't be