How Taxes on Lottery Winnings Work

If you're a California resident and purchase your ticket there, you pay the 37% federal tax rate But you're in luck because California doesn't

How Taxes on Lottery Winnings Work California California doesn't tax lottery winnings — that's good news if you win the Powerball jackpot, as Californian Edwin Castro did with

If you're a California resident and purchase your ticket there, you pay the 37% federal tax rate But you're in luck because California doesn't

california lottery claim form California has the highest income tax rate in the country, but it doesn't tax lottery winnings lottery and that it taxes lottery winnings

What you need to know is that there is no lottery exception to the imposition of gift or estate taxes A lottery winner's estate will include

california lottery winning number Winnings would be subject to federal taxes, and many states also tax lottery winnings Powerball is played in 45 states, as well as

California individual tax Note that some States don't tax lottery winnings from within the State, but do tax foreign lottery winnings