How Are Lottery Winnings Taxed in California?

what percentage of lottery winnings are taxed
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That's because lottery winnings are generally taxed as ordinary income at both the federal and state level

In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the

what is the voucher prize on postcode lottery Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

what was the lottery number The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of $5,000 The tax shall be