Tax Tips for Lottery Winners

There are generally no California state taxes for Lottery prizes, but we are required to withhold federal taxes With an annuity prize, payments are made

lottery tickets , and the only tax relief mentioned therein was exemption of lottery prizes from state income tax The argument in favor of Proposition 37

lottery result in today taxes, which reduce the payout by more than a third However, California is one of eight states that do not tax Powerball winnings Castro

lottery mhada Can you avoid taxes on a Mega Millions payout? Having a winning ticket from a state that won't tax your lottery winnings (including for example, California