How Are Lottery Winnings Taxed in California?
How Are Lottery Winnings Taxed in California?
The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes
Taxation · For awards derived from games that took place prior to 5 July 2018, the exempt amount is 2,500 euros · As of 5 July 2018, inclusive,
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