Lump Sum or Annuity for Lottery Winners?

missouri lottery tax
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A federal tax of 24 percent will be taken from all prizes above $5,000 before you receive your prize money You may then be eligible for

Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate

missouri lottery tax State tax withholding on Mega Millions winnings Residents of the following states won't owe state taxes on lottery winnings: Alabama,

missouri lottery winners list The NC State Lottery Commission announced on July 8 that the state received $40,302,263 in gross wagering revenue during June