Tax Tips for Lottery Winners

Tax Tips for Lottery Winners california lottery taxes Some states, such as California, don't tax lottery winnings But for other state lotteries, you'll be taxed at your ordinary income tax rate Most states that california lottery draw While California doesn't tax lottery prizes, there's a mandatory 24% federal withholding and the winner likely owes millions more Joe

california lottery draw Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

california lottery resultados California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not have lottery winnings withheld This means that only federal California has the highest income tax rate in the country, but it doesn't tax lottery winnings Florida, South Dakota, Texas, Washington,