California - Subtractions--Lottery Winnings

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

Only a few states — California, New Hampshire, Florida, South do not impose a state tax on lottery winnings Keep in mind that

does a lottery ticket expire California is one of 14 states in the country that does not tax lottery winnings, although the winner may still be required to pay state and

does nevada have lottery Meanwhile, the California Franchise Tax Board likewise levies a state income tax on residents In both cases, gambling winnings typically count as income, and