$ billion Mega Millions: How is the lottery taxed in CA?

do you get taxed on the lottery   Dan do you get taxed on lottery winnings in canada

In the US, lottery winnings are considered taxable income, so winners a subjected to an up-front federal tax on their winnings And, depending

If the prize should be shared, the taxable base will be distributed between the co-owners according to their respective shares Accrual The tax Lottery winnings are considered ordinary taxable income by the IRS Even if an installment winner sells the future income stream to another

what is the biggest lottery ever won Out of the $ million cash value, that would be about $ million you'll lose up front However, because you'd be bumped into the top Winners of over $600 during the calendar year will receive a W2-G form by mail in late January or early February of 2017 Winners with questions about their