Lump Sum or Annuity for Lottery Winners?

That's one reason the winner should bank some of the money to be sure they have it on April 15th If you add the 24% withholding tax plus the 13

Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

download world series of poker The tax shall be withheld on the entire amount of the prize, not merely the amount in excess of $5,000 The tax must be withheld by the Lottery Department on

dollar storm slot The prize is taxed if a person takes the annuity option − which is what the advertised jackpot figure represents − or the lump sum A 2018 USA