Winning Lottery or a Pension

lottery lump sum   Dan lottery result 1_00 wala

Taking a lump sum means you will receive 40 to 50 percent of the jackpot for immediate use or investment Lottery winners who opt for an annuity receive annual

The governing lottery body withholds 24% of the prize automatically, leaving the balance to be paid by the winner, according to Lottery USA If Whatever you decide, you still have to pay taxes on your lottery winnings If you choose to receive the lump sum payment, you actually end up

soo lottery lump sum income that is received as a reimbursement for a specified item and used to pay for such item shall be considered a noncountable asset The lottery automatically withholds 24% on all prizes over $5,000 for federal taxes For a $1 billion lump sum, that would be $240 million Note