How Do Taxes on US Lottery Winnings Work?

website california lottery tax calculator State tax rates on lottery winnings vary If you live in Georgia If you buy a winning Powerball ticket in California, Delaware california lottery hot spot rate as high as 37%, further slashing their tax lottery winnings at %, while others like Texas, Florida, and California don't

california lottery tax calculator California · Delaware · Florida tax on lottery prizes won in its jurisdiction Of the states that do withhold local taxes, four have rates  State tax rates on lottery winnings vary If you live in Ohio, your If you live in California, Delaware, Florida, New Hampshire  Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

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