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Yes, California does collect tax from California Residents who win lotteries from other states. See Page 4, Line 21 of this State of California Franchise Tax Board document:
http://www.ftb.ca.gov/forms/2010/10_540cains.pdf
Quote: "California excludes California lottery winnings from taxable income." However, "Make no adjustment for lottery winnings from other states. They are
taxable by California."
Federal taxes will be collected on most lottery winnings as well.
What else can I help you with?
How much taxes do you have to pay on your ca lottery winnings?
California does not tax have a state income tax on lottery winnings. The federal withholding rate amount is 25 % to be withheld from the winnings amount.
Do you pay taxes in Washington State on lottery winnings?
Washington State does not have a personal income tax, so you will not pay any state income tax. You will still pay Federal income tax on lottery winnings, though.
How much taxes will I pay on a 1000.00 lottery ticket in California?
In California, lottery winnings are subject to both federal and state taxes. For a $1,000 lottery prize, you would typically pay federal income tax at your applicable rate, which could be around 10% for lower income brackets, plus California state tax at a rate of 8%. This means you could expect to pay approximately $100 in federal taxes and about $80 in state taxes, totaling around $180 in taxes on your winnings. However, actual amounts may vary based on your total income and tax situation.
What is Georgia lottery tax id?
The Georgia Lottery Tax ID refers to the identification number assigned to individuals or businesses for tax purposes related to lottery winnings in the state of Georgia. When players win lottery prizes, they may be required to report those winnings and pay applicable state and federal taxes. The Georgia Department of Revenue manages these tax regulations, and winners can find more information about their tax obligations on the official Georgia Lottery website or through the Department of Revenue.
Taxes on lottery winnings in the state of Minnesota?
In Minnesota, lottery winnings are subject to federal income tax but not state income tax. However, other taxes such as federal gift tax may apply depending on the circumstances. It's advisable to consult with a tax professional to determine the specific tax implications of lottery winnings in your situation.
What is the federal tax on Lottery in UT?
In Utah, lottery winnings are subject to federal income tax, which is typically withheld at a rate of 24% for prizes over $5,000. Additionally, winners may owe additional taxes depending on their total income and tax bracket. Utah does not impose a state income tax on lottery winnings, making it one of the few states with no state-level taxation on such prizes. Therefore, lottery winners in Utah should primarily focus on federal tax obligations.
California State Lottery Commission Where do you get the form to submit for a scratcher prize over 600?
From the lottery's web site at www.calottery.com.
Is property tax deductible in California?
Yes, property tax is deductible in California for state income tax purposes.
Are people over 65 tax exempt from paying taxes on Ohio lottery winnings?
No, people over 65 are not tax-exempt from paying taxes on Ohio lottery winnings. Lottery winnings in Ohio are subject to state income tax, regardless of the winner's age. While there may be specific tax credits or deductions available for seniors, lottery winnings themselves are fully taxable.
If you hit lottery in Conn and live in Mass do you have to pay state income tax to mass?
no
How much tax is collected from a 2500 sctratch New York state lottery ticket?
The Lottery is required to report and withhold taxes according to the regulations of the Internal Revenue Service and the New York State Department of Tax and Finance.The current tax withholding rate for NY is 25%.
What are the tax implications for a California resident working out of state?
A California resident working out of state may still owe California state income tax on the income earned while working out of state, depending on the specific circumstances and tax laws. It is important for the individual to understand and comply with both California and the state where they are working to avoid any potential tax issues.
