California - Subtractions--Lottery Winnings

is lottery taxable
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Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home

Winnings are subject to federal and state income taxes Most tangible prizes like cars and homes are taxed at their fair market value Lottery winnings are

is poker a game of skill or luck In total, there are 36 states that impose taxes on lottery winnings The 36 states and their corresponding lottery tax rates are New York , Maryland (

is the lottery real In India, lottery winnings are subject to a tax deduction at source of 30% if the amount of the winning exceeds Rs 10,000 Therefore, if