Can Lottery Winnings Be Inherited?

California lottery winnings are taxable in the state of CA They are reported on line 21 of Schedule CA If this was helpful please press the

Can Lottery Winnings Be Inherited? When you win the lottery, the winnings are taxable income, and you must pay federal and state taxes You may be subject to the highest tax bracket depending on

California lottery winnings are taxable in the state of CA They are reported on line 21 of Schedule CA If this was helpful please press the

california california lottery California doesn't charge a cent in state income tax on lottery winnings, no matter the amount In this case, it's like winning a second $123

That means if you live in California, but purchase a winning ticket in Oregon — which has state tax of 8% on jackpot winnings — your take-home

california lottery winning numbers mega millions California no longer taxes lottery winnings, so only the federal tax would be withheld Other states have different rules, and some even have a

While you don't have to report lottery winnings of $600 or less, if you win more than $5,000, the government will hit you with a 24 percent federal withholding