Powerball Ticket Sold In California Wins $ Billion Prize—Here's

california lottery tax
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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

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%

california lottery winning numbers superlotto plus Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

california lottery winner California does not tax California Lottery winnings, however it taxes lottery winnings from other jurisdictions For SuperLotto Plus and Mega Millions