Lottery Tax Rates Vary Greatly By State

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The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require

Winnings are taxed the same as wages or salaries are, and the total amount the winner receives must be reported on their tax return each year Before the winner Lottery winnings are taxable This is the case for cash prizes and for the fair market value of any noncash prizes, such as a car or vacation

最新國產麻豆影片 Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes, In the case of winnings from horse races, income is taxable at % without any exemption limit · There would be no deduction of any