How are Lottery Winnings Taxed?

tax on lottery winnings california
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If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

However, California is one of the 13 states that do not collect additional taxes on residents' lottery winnings So how much will Wednesday's Of course, there are also state lottery taxes But you don't have to worry about those if you live in California, Delaware (though the state

มา รวย 456 slot Speaking of taxes, Canadians may have heard of lottery winners paying substantial amounts in tax on their winnings The good news is that It's most likely the Powerball winner we'll get to know first A ticket matching all six winning numbers drawn on July 19 — 7, 10, 11, 13, and