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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.
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.
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.
Do you pay state taxes if you win North Carolina state lottery?
Yes you will have to pay state taxes to North Carolina after adding your lottery winnings to all of your other gross income on the state income tax return.
Is property tax deductible on California taxes?
Yes, property tax is deductible on California state taxes.
