How Are Lottery Winnings Taxed in California?
While lottery winnings aren't taxable, you may be subject to taxes once you've deposited the funds or if you give any winnings as a gift Let's
$ billion Mega Millions: How is the lottery taxed in CA? 10 million lottery after taxes
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The withholding rate for federal income tax is based, in part, on a claimant's resident status The Lottery is required to withhold federal taxes of 24% for
10 3 24 lottery result Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and the
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