$ billion Mega Millions: How is the lottery taxed in CA?
$ billion Mega Millions: How is the lottery taxed in CA?
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A: For residents and resident aliens, percent in federal and state withholding taxes is deducted for every Lottery prize over $5,000 Current federal tax
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lottery numbers dc Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries, Winnings from a Canadian lottery such as Lotto Max or 649 are considered to be windfalls, and windfalls are not subject to tax Even winnings
