How to Handle California Lottery Tax

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A federal tax of 24 percent will be taken from all prizes above $5,000 before you receive your prize money You may then be eligible for

Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37% The cash value was $ million, still an incredible amount of money The state of California doesn't tax lottery winnings, but the IRS does,

gioca a poker gratis senza registrazione States like New York impose a % tax on lottery earnings, whereas others, such as Texas, Florida, and California, do not tax them at all  If you win the Mega Millions jackpot in California, you'll be happy to know that there are no taxes on lottery winnings in the state That's