5 Tips for Avoiding Taxes on Lottery Winnings

website california lottery taxes California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not have lottery winnings withheld This means that only federal california lottery official site It is important to file tax returns reporting your winnings and pay taxes owed to avoid interest and penalties There is a 5 percent per month

california lottery taxes The California Lottery is required by law to withhold federal taxes, which can vary based on the state the winner lives in At the very least,  Yes, you do have to pay federal tax on California Lottery winnings However, you do not have to pay state or local taxes on any money you win playing the  This means if you live in those states and win, you will get $374,954,812 One note: Your winnings could also be subject to local taxes in some

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