Lottery Jackpot IRS Tax Estate Planning San Diego

Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

Lottery winnings do not get taxed on the California state level but are subject to federal taxes We can not stress enough how important it is

california lottery tax Three of the ten largest lottery jackpot winning tickets in US history have been sold in California “Taxes take a big bite out of your

california lottery tax calculator All gambling winnings are taxable including, but not limited to, winnings from: Lotteries; Raffles; Horse races; Casinos