How much does Powerball jackpot winner get after taxes?

website does ca tax lottery winnings Yes, gambling winnings are taxable in California Players are obligated to report them on both their federal income tax returns and state tax does loves sell lottery tickets But in California, lottery winnings are exempt from state tax So you're left with around $239M If you take the annuity option, you get 30

does ca tax lottery winnings Lottery winnings are considered taxable income for both federal and state taxes Federal tax rates vary based on your tax bracket, with rates up to 37% Winning  Withholding Rate from Gambling Winnings New Jersey Income Tax is withheld at an amount equal to three percent of the payout for both New  However, there are 13 states that do not collect additional taxes on residents' lottery winnings Then there are 13 states that don't tax a

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