The Morning After: Tax Planning for Lottery Winners

The Morning After: Tax Planning for Lottery Winners $2 billion lottery winner after taxes Last week, lottery officials announced that a single winning Powerball ticket for over $2 billion was sold in Altadena, California $2 jackpot lottery draw schedule First, the lump sum isnt $ billion — it's something like $775 million That's the amount that would be subject to just about 37% tax (The

$2 jackpot lottery draw schedule A winner in New York, though, might receive as little as $ million after taxes if they choose to get a lump sum, according to Forbes The

$202 mega million lottery winner in edison nj Should the winner of Sunday's drawing forgo the rarely claimed option of a payout over 30 years, the lump-sum before taxes would be $621 million Castro claimed his prize in February, choosing to immediately receive nearly $1 billion in cash, which came out to be roughly $628 million after