Index/Organizations/California Franchise Tax Board

California Franchise Tax Board

Board within the California Government Operations Agency

Fact-Checks

14 results
Dec 9, 2025
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How much do you pay in tax on California lotto winnings

California does not tax winnings from the California State Lottery, so state tax on in-state lottery prizes is zero; winners still must report the prize as federal taxable income and face IRS withhold...

Dec 6, 2025
Most Viewed

is California imposing an exit tax

California currently does not levy a general, statewide “exit tax” on people simply for moving out, but multiple proposed wealth-tax bills and analyses in 2024–2025 would create an “exit”-style charge...

Nov 11, 2025
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What documents does California DMV accept as proof of residency for adults?

California DMV requires adults to present that show their full name and a California residential address; acceptable items range from utility bills and rental agreements to medical, school, insurance,...

Nov 21, 2025

How have California's top income tax brackets changed over the past decade and what triggered those changes?

California’s top statutory individual income tax rate has been 13.3% for several years, with an additional 1% “mental health services” surtax above $1 million, and recent 2025 legislative action (Asse...

Dec 8, 2025

Has California recently enacted an exit tax for residents leaving the state?

California has not enacted an exit tax as law; reporting and tax-advice sites consistently state there is currently no statutory “exit tax” imposed on residents who leave, though multiple proposed wea...

Dec 12, 2025

What are federal and California state tax rates on lottery winnings in 2025?

Federal tax on U.S. lottery winnings in 2025 is subject to mandatory IRS withholding of 24% for reportable prizes and can result in a final federal tax liability up to the top ordinary-income rate of ...

Dec 6, 2025

How much do capital gains taxes contribute to CA income

California treats capital gains as ordinary income and therefore taxes them at the state’s regular progressive income tax rates rather than a separate, lower capital‑gains rate . In state revenue term...

Nov 21, 2025

Which California tax brackets have the highest income tax rates?

California’s top statutory income tax rate is 12.3% and an additional 1% mental‑health services surtax applies to taxable income over $1 million, producing an effective top marginal rate of 13.3% for ...

Jan 13, 2026

How has the share of California PIT paid by the top 1% changed year-by-year from 2000–2023?

The share of California’s personal income tax (PIT) paid by the top 1 percent has swung dramatically over the 2000–2023 period, driven largely by asset-price cycles and temporary rate changes; availab...

Dec 16, 2025

Are lottery winnings subject to estimated tax payments or quarterly filing for CA residents?

California does not tax winnings from the California Lottery, but federal tax rules apply: the Lottery withholds 24% for U.S. citizens/resident aliens on prizes over $5,000 and a different 30% rate fo...

Dec 21, 2025

What documentation is required to substantiate federal gambling loss deductions and how do those deductions interact with California tax returns?

Federal rules allow deduction of gambling losses only if a taxpayer itemizes deductions on Schedule A and keeps contemporaneous records and supporting documents; losses are limited to the amount of ga...

Dec 17, 2025

Where can one find an authoritative, up-to-date state-by-state table of estimated tax thresholds and underpayment penalty rates?

A single, authoritative, up‑to‑date national table that lists each state’s estimated‑tax thresholds and exact underpayment penalty rates does not appear among the cited sources; the most reliable appr...

Dec 17, 2025

Which U.S. states require quarterly estimated tax payments and what are each state's penalty rules?

Most U.S. states that levy a personal income tax require estimated (quarterly) payments from taxpayers whose withholding and credits won’t cover their expected liability, but there is no single federa...

Dec 17, 2025

How much is withheld from large lottery jackpots in California at the time of payout?

A California lottery winner will see an automatic federal withholding of 24% taken from prize payouts over $5,000, with no California state tax withheld on California Lottery prizes; nonresident alien...