Did you win the Mega Millions lottery? Time to think about taxes

website how much lottery money can you give to family members you want to donate and give away to family, friends,” he said More family trust that could come into play with the winnings Story how do i claim my lottery winnings over 500 In short, yes, lottery winnings can be inherited However, the complete answer largely depends on the state where the winner lives and how they choose to

how much lottery money can you give to family members It's your money, so you can give it to whoever you want Just don't feel pressured by sudden, new best friends or distant relatives you haven't  If you win the lottery, you can give as much money as you want to your family You can give up to $15,000 per person per year without incurring the gift tax If  While taxes on lottery winnings can be substantial, there are several smart strategies that can help you minimize the tax burden and secure your

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