How much do lottery winners pay in taxes?
The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn
Your Tax Refund or Lottery Money Was Sent to the EDD - federal lottery tax
➡️【Mk..com】✅Casino, players can choose from a variety of games, ✅ from classic casino games such as slots and blackjack to more unique games...✅ The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn federal tax lottery winnings
The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require
federal tax rate on lottery winnings Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax
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