Winning the lottery: Take the lump sum or the annual payments?

Winning the lottery: Take the lump sum or the annual payments? lump sum lottery calculator
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lump sum lottery calculator lump sum of $ million A 24% federal tax withholding would reduce the lump-sum jackpot to $ million, and a federal marginal tax In 2024, the highest federal tax bracket sits at 37% So, if you win a massive jackpot and take the lump sum payout, you could be looking at owing nearly 40% in