Recovering US taxes withheld from gambling or lottery -

california tax on lottery winnings
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That means if you live in California, but purchase a winning ticket in Oregon — which has state tax of 8% on jackpot winnings — your take-home

The good news is there is no income tax on lottery winnings here in California Your local citytown may also require your lottery winnings to Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

ak614 lottery result Winnings would be subject to federal taxes, and many states also tax lottery winnings Powerball is played in 45 states, as well as Taxes are deferred until payouts are received Winners choosing annuity payments often hedge their bets that tax rates will be lower in the future Investment