Lottery Tax Calculator: How It Works, What You Owe

$ billion Mega Millions: How is the lottery taxed in CA? california lottery tax rate Yes, you do have to pay federal tax on California Lottery winnings However, you do not have to pay state or local taxes on any money you win playing the california online lottery The size of your prize indicates the tax rate your winnings will be subject to Lottery winnings up to $ are tax-free Anything above this amount is taxed

california lottery If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding