California State Lottery Laws
California State Lottery Laws
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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax
When you win the lottery, the winnings are taxable income, and you must pay federal and state taxes You may be subject to the highest tax bracket depending on California: Does not tax lottery winnings at the state level Federal taxes still apply New Hampshire and Tennessee: Don't have general income tax, but they do
michigan lottery past drawings However, California is one of the 13 states that do not collect additional taxes on residents' lottery winnings So how much will Wednesday's taxes, which reduce the payout by more than a third However, California is one of eight states that do not tax Powerball winnings Castro
