california lottery tax rate
California State Lottery Laws
california lottery tax rate
website california lottery tax rate You'll also likely find yourself in the top federal tax bracket of 37% (remember, these rates are progressive, so you won't actually lose 37% of california lottery draw games States like New York impose a % tax on lottery earnings, whereas others, such as Texas, Florida, and California, do not tax them at all
california lottery tax rate State taxes on lottery winnings differ · Washington, : % · Maryland: % · New York: % · New Jersey: 8% · Oregon: 8% · Wisconsin: % If the winner chooses the lump sum it will face a mandatory federal tax withholding of 24%, leaving them with $ million Depending on the However, states with no state income tax, like Florida and Texas, will not tax your lottery winnings And two other states don't tax
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