Lottery and gambling winnings

Lottery and gambling winnings california tax lottery winnings California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not have lottery winnings withheld This means that only federal california lottery scratchers best odds The California Lottery is required by the Internal Revenue Service to withhold federal taxes on many prizes There is no California state or

california lottery scratchers best odds California California doesn't tax lottery winnings — that's good news if you win the Powerball jackpot, as Californian Edwin Castro did with

california lottery powerball numbers Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%