California - Subtractions--Lottery Winnings

california lottery tax rate
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There were actually three winners, with exact-match tickets sold in California, Florida, and Tennessee 871 and are taxed at a flat rate of 30

Lottery Voters ' Radio and Television Network Initiative Statutory Tax Indexing Jan 15 , 1981 129 Lotteries April 2 , 1982 8411 Lotteries 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,

overwrite this content with #not-found slot in _contentdoc_. California State Lottery Act of 1984 , which authorized the apply the appropriate tax rate for claimants based on citizenship  Still, you'll probably owe more when taxes are due, since the top federal tax rate is 37% So a good first step a lottery winner could take