$ billion winner could get lowest lump sum in 20 years

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This is because of a mandatory federal tax, which would withhold 24% of the amount plus any additional taxes based on their income If the

Question: Lottery winners who take the lump-sum payouts instead of payments spread out over many years Multiple Choice O believe the rate of For one, it assumes you take the annuity option, which doles out your winnings in yearly installments for 29 years rather than the lump sum cash

小哥哥艾理外流 The winner would have decided whether to collect the prize through an annuity or as a one-time lump-sum cash value payment of over $350 million You'll fall into the highest tax bracket in the year you win if you take the jackpot in a lump sum For 2023 and 2024, this means you'll likely