CA or AZ? The $ billion Powerball jackpot's tax bill depends on

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You're first taxed by the state where you bought the lottery ticket Then, if your home state has the same or a lower tax rate than the other

Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket, The cash value was $ million, still an incredible amount of money The state of California doesn't tax lottery winnings, but the IRS does,

4 deals with the devil slot Can you avoid taxes on a Mega Millions payout? Having a winning ticket from a state that won't tax your lottery winnings (including for example, California Winnings are subject to federal taxes, and many states also tax lottery winnings California does not have a state tax on lottery winnings