In the news: Special tax deadline, California lottery player

Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of

All lottery winnings are subject to Federal taxation (automatically reported ^ $ Million Powerball Jackpot Hit, Winning Ticket Sold in California (

california lottery winning numbers fantasy 5 You are taxed on anything you win, whether it's cash, an item, a trip, or a service Winnings are subject to federal and state income taxes Most tangible

california lottery mega millions numbers While there are no state or local tax withholdings on lottery prize money in California, winners may still be responsible for paying other tax