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Posts Tagged ‘lottery’

How much does the IRS withhold from lottery winnings?

02 Apr

Example: Let’s say the mega millions is 50 million. Whats the dollar difference in annuity and cash. I’m in NJ so I don’t think there is state tax due herefor lootery winnings

 
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If I won the lottery, should I choose the annuity or the cash payment?

28 Mar

I see most people choose the cash payment. Is that smarter?

 
5 Comments

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What is the best way to collect a large lottery win? Annuity or single payment?

25 Mar

Roughly what percentage of stated jackpot do you win with if collected by single payment?

 
6 Comments

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