Lotto Winnings: Annuity or Lump Sum?

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lump sum amount? Are statefederal taxes taken BEFORE or after the IRS is given their lottery winning tax, etc Seems crazy to sell tickets

In 2024, the highest federal tax bracket sits at 37% So, if you win a massive jackpot and take the lump sum payout, you could be looking at owing nearly 40% in

lump sum or annuity lottery Lottery Tax Calculator helps you determine what you owe in taxes Know how lottery winnings are taxed? What is the tax rate for lottery? And more at TaxAct

lump sum vs annuity lottery Is it better to take your Mega Millions payment as a lump sum or an annuity? lottery tax calculator That leaves the next important