CA Lotto: What Is the Tax on Lotto Winnings in California?

It is important to file tax returns reporting your winnings and pay taxes owed to avoid interest and penalties There is a 5 percent per month

Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%

california lottery superlotto However, states with no state income tax, like Florida and Texas, will not tax your lottery winnings And two other states don't tax

california billionaire lottery winner California is one of the few states where lottery winners can pay no state taxes