california tax lottery winnings
How Taxes on Lottery Winnings Work
california tax lottery winnings
website california tax lottery winnings Becker says most people opt for a lump sum payout, which in this case would be $ million before federal taxes California does not tax california lottery en español How Much Are Lottery Winnings Taxed? · 24% withheld from $930 million = $232,200,000 · Additional amount you need to pay with a 37% tax rate: $111,900,000 · Total
california tax lottery winnings The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal Becker says most people opt for a lump sum payout, which in this case would be $ million before federal taxes California does not tax Nope, contrary to what everyone would assume, California is actually one of the best states to win the lottery since there is no state tax on
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