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California Estate Tax and Lottery Winnings

California Estate Tax and Lottery Winnings

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does ca tax lottery winnings
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Winnings would be subject to federal taxes, and many states also tax lottery winnings ALL OTHER LOCATIONS: If we do not detect that

Lottery winnings are considered taxable income for both federal and state taxes Federal tax rates vary based on your tax bracket, with rates up to 37% Winning 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

aces high poker However, states with no state income tax, like Florida and Texas, will not tax your lottery winnings And two other states don't tax You may be subject to the highest tax bracket depending on the prize amount Therefore, it is crucial to plan for taxes right away Furthermore, you may have to

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