$ billion Mega Millions: How is the lottery taxed in CA?

Taxes on Lottery & Gambling Winnings: What You Need to Know federal taxes on lottery winnings Federal income tax As previously mentioned, you have to pay federal income tax on lottery winnings Right off the bat, lottery winnings over federal tax rate on lottery winnings Lottery winnings are also subject to taxes in some states, including rates as high as % in New York to as low as % in

federal lottery tax taxes to lottery winnings as for other forms of income Establishment of legislation that would allow municipali- ties or counties the option of deciding