Lottery winners: How to lower your taxes NOW!
Lottery winners: How to lower your taxes NOW!
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Keep the prize and pay the tax This is the best option if you can afford the tax bill and can use the prize · Sell the prize and pay tax on the proceeds
It is important to file tax returns reporting your winnings and pay taxes owed to avoid interest and penalties There is a 5 percent per On the other hand, if you want to avoid a hefty tax bill, consider splitting your winnings into annual payments For example, let's say you decided to take your
speaking rock casino slot machines Can you avoid taxes on a Mega Millions payout? Having a winning ticket from a state that won't tax your lottery winnings (including for example, California winnings If you sell or otherwise dispose of an asset that was a prize from a lottery, you must declare any capital gains you make in your tax return You
