$ billion Mega Millions: How is the lottery taxed in CA?

federal lottery tax
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Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings

When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal

federal lottery tax rate Pennsylvania withholding is required on such prize payments whenever tax is required to be withheld for federal income tax purposes The tax is required to

federal tax for lottery winnings Use the lottery tax calculator to estimate the tax amount deducted from a lottery prize, received as either a lump sum or through annuity payments