Lottery Payout Options: Annuity vs Lump Sum

Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk

Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

lottery result today in kerala There are also additional federal taxes of about 37% In total, you'll be paying more than $19 million Your total annual payment in California

lottery result 22 4 24 payout N Profits from life insurance N Lottery or gambling winnings Net from home production for home use I I I N N Employer