How Are Lottery Winnings Taxed in California?
How Are Lottery Winnings Taxed in California?
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Out-of-state lottery winnings count towards federal gross income They are still entered on Schedule 1 on your federal taxes On your state
Cashing in a winning lottery ticket can seem like a dream come true However, before planning your life of luxury, understand how taxes affect your
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ga lottery mega millions The federal government will take 24% off the top of lump sum winnings from the Mega Millions jackpot State tax rates on lottery winnings vary