Can Lottery Winnings Be Inherited?

how does the lottery payout work
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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,

You will be given two choices for how to get your lottery payout You can take a lump sum payment equal to the cash value of the jackpot, or you How Does It Work? When the four numbers you pick match the four jackpot numbers drawn, you win $1,000 a week for life There are also 45 other ways you

poker suit hierarchy Share your videos with friends, family, and the world  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 could