California State Lottery

lottery tax california
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What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted

What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted

lottery result 6 6 2024 The prize is subject to federal taxes and state taxes in Oregon The biggest lottery jackpot won was $ billion in California in 2022  California lottery We do not tax California Lottery or Mega millions Visit Schedule CA Instruction 3s for more information How to report