Lottery Tax Rates Vary Greatly By State

california taxes on lottery winnings
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Learn more by reading our Privacy Policy Are my lottery prizes taxable? Yes The Lottery is required to withhold federal taxes from your prize Keep in mind

You are taxed on anything you win, whether it's cash, an item, a trip, or a service Winnings are subject to federal and state income taxes Most tangible

california lottery winning numbers Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting a little more than $12 million from the annual

california lottery daily 3 evening California - no state taxes for lottery prizes; Colorado - %; Connecticut - %; Delaware