What Happens When Players Hit the Lottery Jackpot in California?

However, California is one of the 13 states that do not collect additional taxes on residents' lottery winnings So how much will Wednesday's

Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%

cash 4 georgia lottery winning numbers The benefit of the basic exemption limit and income tax slab rate is also not applicable to this income The entire amount received will be

california lottery mega million California does not tax California Lottery winnings, however it taxes lottery winnings from other jurisdictions For SuperLotto Plus and Mega Millions