How are Lottery Winnings Taxed?
How are Lottery Winnings Taxed?
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The cash option is a designated percentage of the annuity prize The cash prize option amount can be found on the back of the Scratchers ticket Grand prize
Contact your Mega Millions lottery for detailed information Annuity Cash option: A one-time, lump-sum payment that is equal to the cash in the You'll also see more taxes are withheld if you select the lump sum cash payout percentage from the investment of all that money, they
thetford serviceluik slot vervangen Right off the bat, one must consider that the federal government taxes lottery winnings at 24 percent, knocking the cash prize down to a mere ( A mandatory 24% federal tax withholding would reduce the lump sum to $218 million, and a federal marginal rate as high as 37%—depending on the
