Shhhh! If you win the Mega Millions jackpot, be quiet Then, do this

lottery tax in california
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Unlike the state of Florida, Oregon does withhold 8% from lottery prizes that are above $1,500, according to the Oregon Lottery Non-video

Your total annual payment in California would be about $32,587,045 post federal taxes After 30 years, this makes your total jackpot Becker says most people opt for a lump sum payout, which in this case would be $ million before federal taxes California does not tax

30_09_23 lottery result While winning the lottery can be exciting, those jackpots can become a tax nightmare if you don't protect your winnings Lottery winnings are taxed as income  A federal tax of 24 percent will be taken from all prizes above $5,000 before you receive your prize money You may then be eligible for