How much do you take home from $ billion Powerball in CA

How much do you take home from $ billion Powerball in CA lottery tax in california
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lottery pick 4 nj What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted

lottery result 6 pm However, states with no state income tax, like Florida and Texas, will not tax your lottery winnings And two other states don't tax The tax information provided here is based on 2024 federal marginal rates and state tax rates It shows the final federal and state tax burdens each year, not