California misses out on Powerball tax revenue windfall

lottery taxes in california
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You are taxed on anything you win, whether it's cash, an item, a trip, or a service Winnings are subject to federal and state income taxes Most tangible

Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

lottery ka result 1_00 baje The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require

lottery annuity or lump sum However, states with no state income tax, like Florida and Texas, will not tax your lottery winnings And two other states don't tax