Lottery Tax Rates Vary Greatly By State

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California Lottery director Alva Johnson announced Castro's win on Valentine's Day, Feb After taxes, Castro walked away with $

The California State Lottery owes public schools $36 million, according to a recent state audit Follow · Follow · Follow In 1984, the state lottery was However, there are 13 states that do not collect taxes on residents' lottery winnings California, one of the states that doesn't tax winnings

fc2 879704 Alvarez opted for the latter, which amounted to $ before federal taxes Earlier in March, the California Lottery identified The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes