Tallying Up the Taxes on Lottery Winnings - TurboTax

lottery lump sum   Dan lottery guessing 4 number

While the lump sum provides a full prize up front, the annuity offers one immediate payment, followed by 29 annual payouts that increase 5% each

Taking a lump sum means you will receive 40 to 50 percent of the jackpot for immediate use or investment Lottery winners who opt for an annuity receive annual The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

mizd-156 Those lucky enough to hit the jackpot have a choice when it comes to distribution of the windfall The money can be paid either in a lump sum as already Won The Lottery? Take the Lump Sum or Annuity Quiz If you have won the lottery and want to know if you should take the lump-sum or the annuity (or even if you