california taxes on lottery winnings
Ticket Sold In LA Wins $ Billion Powerball Jackpot—Here's How
california taxes on lottery winnings
website california taxes on lottery winnings Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of california tax on lottery winnings taxes This can be especially valuable in states that tax interest at a high rate, such as California Lottery winnings—you should be so lucky —are also
california taxes on lottery winnings All gambling winnings are taxable including, but not limited to, winnings from: Lotteries; Raffles; Horse races; Casinos 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 Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax
Unable to load receipt Availability
