Lump Sum or Annuity for Lottery Winners?
Lump Sum or Annuity for Lottery Winners?
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Lottery winners have to choose between taking the lottery prize as a single cash payout or as several annuity payments over a period of time This article According to lottery officials, most winners opt for the lump sum, or the “cash option ” In the case of the next Powerball jackpot of $
american lottery 2022 Lotto, Mega Millions, and Powerball winners have 60 days after the date of the drawing to choose the lump sum cash option For example, if the drawing is held Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,
