Mega Millions: Should Winner Take Annuity or Lump Sum?

how does annuity work lottery
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how does annuity work lottery You will receive a payment every year until the full annuity amount is paid out Taxes are withheld from each payment It is similar to how a savings bond works  Yes, lottery annuity payments are generally inheritable If the original winner passes away, the remaining annuity payments can be transferred to their  How you receive your lottery winnings will affect your federal tax obligation It will immediately make a difference in your income taxes If you die before all

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