Lottery and gambling winnings

california lottery tax
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California has the highest income tax rate in the country, but it doesn't tax lottery winnings lottery and that it taxes lottery winnings

There are generally no California state taxes for Lottery prizes, but we are required to withhold federal taxes With an annuity prize, payments are made Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

db lottery — The fourth-largest jackpot in Powerball history was recently won in Oregon, however, in California, large lottery jackpot wins Who won biggest lottery jackpot ever? How much did they actually win, was it cash option? · After taxes, $ billion Powerball lottery winner