$ billion Mega Millions: How is the lottery taxed in CA?

lottery tax federal
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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

The federal tax rate on lottery winnings is 24%, which means you would owe $240,000 in taxes If you live in a state with a state income tax,

lottery number for bird Gambling winnings, including winnings from the Minnesota State Lottery and other lotteries, are subject to federal and Minnesota income

lottery sambad 281123 What are the lump sum lottery winnings after taxes? The federal tax on the lottery is determined by the federal marginal rates, which is 37 percent in the