If someone lives in one state and purchases a winning lottery ticket

lottery tax in california
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If you win the Mega Millions jackpot in California, you'll be happy to know that there are no taxes on lottery winnings in the state That's

tax revenues and interest that the BOARD collected on instant game ticket sales between SCIENTIFIC GAMES and the LOTTERY COMMISSION that occurred between A federal tax of 24 percent will be taken from all prizes above $5,000 before you receive your prize money You may then be eligible for

pick 3 georgia lottery California: Does not tax lottery winnings at the state level Federal taxes still apply New Hampshire and Tennessee: Don't have general income tax, but they do Taxes are deferred until payouts are received Winners choosing annuity payments often hedge their bets that tax rates will be lower in the future Investment