How much do you take home from $ billion Powerball in CA
How much do you take home from $ billion Powerball in CA
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
There are generally no California state taxes for Lottery prizes, This form reports the amount of your Lottery winnings and must be filed with your federal Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax
slot terpopuler Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%
