Taxes On Lottery Winnings: What You May Owe

california lottery tax rate
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The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal

The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on

california lottery resultados 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

california lottery past winning numbers fantasy 5 The size of your prize indicates the tax rate your winnings will be subject to Lottery winnings up to $ are tax-free Anything above this amount is taxed