Attention turns to Mega Millions after California store sells winning

The Lottery is required to withhold federal taxes from your prize Keep in mind that federal taxes are subject to change State and local taxes won't be

The prize is subject to 37% federal income taxes as well as state and local levies depending on where the winner lives California is one of

california lottery claim office That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and

california lottery ticket The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes