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California(CA) Powerball Prize Analysis for Wed Jan 27, 2021

As legally required by the state of California, taxes are withheld on lottery winnings of $600.00 or more. For prizes over $5,000.00, US citizens and resident aliens with a social security number are subject to a 25% deduction to their prizes, which represents federal taxes. Luckily, lottery prizes are exempt from California state and local personal income taxes. For more information on taxes for lottery winnings in the state of California, click here.

The California(CA) Powerball prize analysis tells you how much you would get after state, local and federal tax withholdings. ]]>