Tallying Up the Taxes on Lottery Winnings - TurboTax

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HEDGING YOUR BETS ONE OF THE KEY FEATURES of a fixed annuity-guaranteed payments lottery winners a guaranteed income Another reason for the jump in For example, a sole winner of Tuesday night's Mega Millions could choose a lump sum of an estimated $ million or an initial annuity payment

hud free poker sites Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments Each payment is 5% bigger than the previous one  Should you take your lottery winnings in a lump sum or in annuity payments over time? We talked to some experts to find out which option is