California Tax Guide: What You'll Pay in 2024

lottery tax california
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California California doesn't tax lottery winnings — that's good news if you win the Powerball jackpot, as Californian Edwin Castro did with

California is one of 14 states in the country that does not tax lottery winnings, although the winner may still be required to pay state and 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

zeus slot gif Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%  Lottery Tickets: Sales of tickets for California Lottery games are not taxable You should not include them in your sales and use tax return as part of your