$ billion Mega Millions: How is the lottery taxed in CA?

does california tax lottery winnings
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While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding

See this Franchise Tax Board webpage regarding types of gambling income taxable in California As you noted, California doesn't tax California tax , penalty , interest , or interest allowable with respect 4 to an lottery winnings 28 owed and processed for payment to the judgment debtor 29

how to play national lottery uk 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% Winning If you win the Mega Millions jackpot in California, you'll be happy to know that there are no taxes on lottery winnings in the state That's