Lottery Payout Options: Annuity vs Lump Sum

Lottery Payout Options: Annuity vs Lump Sum mega millions lottery tax calculator Mega Millions tax calculator​​ To use it, enter the amount of your Mega Millions winnings, your tax filing status and state of residence mega millions lottery tickets Mega Millions · Scratch-Offs · FAST PLAY · CASH POP · Pick 3 Pick 4 Pick 5 · Bonus For information on Lottery prizes and State or Federal tax obligations

mega millions lottery tickets Why choose the Mega Millions lump sum option The cash option allows lottery winners to pay their federal and state taxes immediately to avoid long-term tax

mega millions oklahoma lottery The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal Opting for an annuity has some tax advantages, as less of the winnings would be taxed at the top federal income tax rate of 37% It also