What Is the Tax Rate for Lottery Winnings? - Money

does ca tax lottery winnings
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While California doesn't tax lottery prizes, there's a mandatory 24% federal withholding and the winner likely owes millions more

If you win the Mega Millions jackpot in California, you will be happy to know that there are no taxes on lottery winnings in the state However, California has Withholding Rate from Gambling Winnings New Jersey Income Tax is withheld at an amount equal to three percent of the payout for both New

lottery result 23 3 24 California is one of 14 states in the country that does not tax lottery winnings, although the winner may still be required to pay state and Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of