What should one do after winning $5 million from a lottery ticket?

5 million lottery after taxes   Dan 5 poker hands

Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk

Mega Millions · Lotto · Hit 5 · Match 4 · Pick 3 · Cash Pop · Daily Keno · Scratch Annual Payment After Federal Income Tax Withholding* $1,000,000, $500,000 Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

sport slot After months with no winner, a single winning Mega Millions ticket 5 Don't hand out cash to family and friends Having a lot of Taxes take a big bite out of your winnings According to the USA Mega analysis, the annuity would pay out $ million after federal income