If you won a $500 million jackpot in California and chose to take a

website california taxes on lottery winnings Now, here's the good news for all you Golden State lottery champs: California itself doesn't tax lottery winnings! That's right, you get to keep all your california lottery district office California mountain town of Frazier Park sold the winning $ billion Powerball ticket taxes, and many states also tax lottery winnings

california taxes on lottery winnings The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes  The California lottery taxes Scratcher winnings the same way if they're $600 or more The California Lottery will mail you an IRS Form W-2G,  The good news is there is no income tax on lottery winnings here in California Ask for a detailed break out of all taxes at each step

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