Who can you give your lottery winnings to?

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

Who can you give your lottery winnings to? If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get

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

how to check a lottery ticket as a group must be made at the time you claim your prize Group winners must all choose the same payment option What Will I Pay in Taxes? The Internal

If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from

how much taxes are deducted from lottery winnings Lottery winnings are considered income and, like most other forms of income, are subject to taxation The Internal Revenue Service

According to CNBC, these jackpot winners would then have to pay another 13% in federal taxes to satisfy the income tax requirement The Oregon