california tax lottery winnings
$ billion Mega Millions: How is the lottery taxed in CA?
california tax lottery winnings
website california tax lottery winnings Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax california lottery super lotto numbers taxes, deposited into her bank account from Mido Lotto Finch said The California Lottery says, per their regulations: “ a winning
california tax lottery winnings That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37% The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes
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