$ billion Mega Millions: How is the lottery taxed in CA?
$ billion Mega Millions: How is the lottery taxed in CA?
Yes, you do have to pay federal tax on California Lottery winnings However, you do not have to pay state or local taxes on any money you win playing the
California does not tax lottery winnings If individuals win the lottery in California, they are not required to pay state taxes on their winnings However, Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments
high limit slot machine Lottery winnings do not get taxed on the California state level but are subject to federal taxes We can not stress enough how important it is California: Does not tax lottery winnings at the state level Federal taxes still apply New Hampshire and Tennessee: Don't have general income tax, but they do
