Does California have taxes on lottery winnings?

While California doesn't tax lottery prizes, there's a mandatory 24% federal withholding and the winner likely owes millions more

Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting a little more than $12 million from the

does canada have lottery Prize money is considered any money received from awards, raffles, lottery winnings, and any other type of contest Generally, the IRS taxes prize money as

does circle k sell lottery tickets As you noted, California doesn't tax California lottery winnings **Say Thanks by clicking the thumb icon in a post **Mark the post that