What Happens When Players Hit the Lottery Jackpot in California?

does california tax lottery winnings
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The Golden State does not have a tax on gambling winnings per se Profits are simply treated as ordinary income Players can use the tax

Then, you have to subtract federal and state income taxes The highest federal income tax rate is percent; the state rates will range from Mega Millions jackpot is nearly $1 billion—these 8 states don't tax your winnings · California · Florida · New Hampshire · South Dakota · Tennessee

gtd poker meaning California is one of only nine states that does not apply state income taxes to lottery winnings No lottery at all No state United States Tax Court Gross winnings from STATE LOTTERY of California This amount is determined to be ordinary income because rights