How Are Lottery Winnings Taxed in California?

how much does irs take from lottery winnings
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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

Do non-US citizens need to pay Texas lottery taxes? Yes Any winner who is not a citizen or resident of the United States will be subject to a federal tax Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate

kerala lottery result list today Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax Right off the bat, expect the federal government to take at least 24% of winnings over $5,000 upfront Why? Lottery winnings are considered