California Tax Guide: What You'll Pay in 2024

california lottery tax calculator
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Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire, $930 million, less 24% withheld = $232,200,000; Less an additional $111,900,000 ; Total prize after federal income tax =

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