do you pay taxes on lottery winnings every year

do you have to pay taxes on lottery winnings every year   Dan does 3 of a kind beat a straight in poker

Lottery winnings are taxed for the year in which they are collected, allowing winners who choose annuities to spread out the tax bill If you win a house, boat,

The winning amount is tax free, however you will be charged when you put it in the bank or when inheritance tax is charged  After the funds are credited to the bank account, the person must pay this within two months In the event that person does not, a 1 percent

wg slot Personal Loans if You Don't Have Some states have no income tax or don't tax lottery winnings, but others have top-income state tax brackets An annuity option pays out a larger amount of dollars over 30 years, but each annuity payment would be subject to tax A one-time lump sum cash payment pays out