Can Lottery Winnings Be Inherited?

lottery tax in california
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The prize is subject to 37% federal income taxes as well as state and local levies depending on where the winner lives California is one of

A federal tax of 24 percent will be taken from all prizes above $5,000 before you receive your prize money You may then be eligible for Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

slot hileleri In California there is no state tax but the winner will need to pay an up-front federal tax on the winnings, which will be about 24 per cent  If the cash prize is chosen, the amount will drop to $ million after a mandatory federal tax withholding of 24% Depending on the winner's