Does California have taxes on lottery winnings?
Does California have taxes on lottery winnings?
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california lottery taxes
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The Lottery is required by federal tax law to withhold federal taxes of 24% for citizens and resident aliens Non-US citizens will have 30% withheld from
The California Lottery will still withhold 24 percent of your winnings to pay federal taxes if you're a citizen or resident alien, and The cash value was $ million, still an incredible amount of money The state of California doesn't tax lottery winnings, but the IRS does,
poker gamr The Lottery is required to withhold federal taxes from your prize Keep in mind that federal taxes are subject to change State and local taxes won't be The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes