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does california tax lottery winnings

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does california tax lottery winnings

website does california tax lottery winnings There have been at least three drawings with potential jackpot winnings of over $1 billion “I do buy lottery tickets Yes, I do buy lottery does publix sell lottery tickets 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

does california tax lottery winnings For instance, New York has one of the highest tax rates on lottery winnings at % Some states do not levy income tax or tax lottery winnings  California does not have an estate tax; however, an estate is subject to income taxes Learn more Are there any tax breaks for older California  The California State Lottery withheld all or part of your lottery winnings to repay your UI or SDI overpayment debt Government Code Section allows

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