Mega millions taxes?
I go to this site below and it say that California does not own state lottery duty. If I purchased the ticket within VA, I hold to claim within VA... So do i take-home pay the VA duty as mentioned below, or do I repay the California duty, which is nil??
http://usamega.com/mega-millions-jackpot...
Answers:
You recompense state taxes contained by the state that you live surrounded by. And obviously, federal taxes apply no thing where on earth you live.
where do you live? That's what would determine whose charge you salary. You would still enjoy to salary federal taxes, no thing what.
California does not palm off state income rates on winnings from the California Lottery.
You would claim the income on your state taxes where you live. Many states exempt state lottery winnings from tariff, as long as it's from the state you live within.
Federal rates would be matching everywhere you live.
You would database a return for the state you live AND the state you purchased the ticket within beside a credit for taxes rewarded to the non resident state.
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http://usamega.com/mega-millions-jackpot...
Answers:
You recompense state taxes contained by the state that you live surrounded by. And obviously, federal taxes apply no thing where on earth you live.
where do you live? That's what would determine whose charge you salary. You would still enjoy to salary federal taxes, no thing what.
California does not palm off state income rates on winnings from the California Lottery.
You would claim the income on your state taxes where you live. Many states exempt state lottery winnings from tariff, as long as it's from the state you live within.
Federal rates would be matching everywhere you live.
You would database a return for the state you live AND the state you purchased the ticket within beside a credit for taxes rewarded to the non resident state.