How Much Does California Tax Lottery Winnings

tax on lottery winnings california
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How is income taxed in California? ; Income*, Tax Rate ; $0 to $20,824, 1% ; Over $20,824 to $49,368, 2% ; Over $49,368 to $77,918, 4% ; Over $77,918

Even though you don't have to pay state taxes on lottery wins in California, you will still have money withheld for your federal taxes The IRS offers form W-2G California Lottery The winner, from California, now Winnings are subject to federal taxes, and many states also tax lottery winnings

phoenix sun slot Lottery winnings do not get taxed on the California state level but are subject to federal taxes We can not stress enough how important it is Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax