California State Lottery

california taxes on lottery winnings
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In this episode: On this episode of Synced In, California's special tax deadline is fast

Nope, contrary to what everyone would assume, California is actually one of the best states to win the lottery since there is no state tax on

california lottery drawing If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

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