Tallying Up the Taxes on Lottery Winnings - TurboTax

is it better to take a lump sum or annuity lottery
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From a tax standpoint, it usually makes sense to spread out your lottery receipts and avoid taking the lump sum payout, said James Hines, the

“I honestly think most people are probably better off taking the annuity ” As mentioned, the annuity option means you'll receive a check every Should Lottery Winners Take the Lump Sum or Annuity Payout? · Consistent income: Taking home the annuity option guarantees that you will have a

saturday''s lottery That's because it's assumed you can invest the lump sum and, with earnings, accumulate the equivalent total payouts you would have received had you chosen the “Decide together whether it's best for to take a lump sum or get the prize paid out over 29 years in the form of an annuity,” said Benham “You