Lump Sum or Annuity for Lottery Winners?

how much does california tax lottery winnings
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Lottery winnings are taxed as income The IRS will take 25% and as much as an additional 13% could be withheld in state and local taxes, depending on where you

Despite having one of the highest income tax rates in the country, California is one of a minority of states that does not tax lottery winnings, although some

how to play casino slot machines But in California, lottery winnings are exempt from state tax So you're left with around $239M If you take the annuity option, you get 30

how to retrieve my dv lottery confirmation number When it comes to your federal tax obligation on lottery winnings, it works the same as any other gambling winnings in California The money you win counts as