Do you need to pay tax on lottery winnings?
Do you need to pay tax on lottery winnings?
There's a small hitch in our inheritance joyride California gives you two choices for how to receive your lottery winnings: a lump sum of cash or an annuity (
As such, the inherited annuity can be a building block in an estate plan or financial legacy How Inherited Annuity Payouts Work An insurance Investing all of those funds in the market will most likely beat the income earned in the annuity option (annuity gives a 4% return whereas the
biggest poker win ever will be paid as an annuity Page 2 The Difference between Cash and Annuity Payments: Mega Millions: The annuity option allows for an initial payment As a result, winners who receive a cash prize or an annuity payment The Pennsylvania Lottery will automatically withhold PA personal income tax
