Lottery Tax Calculator: How Your Winnings Are Taxed

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Options for Dealing With Prizes · 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 rifiwonthelottery: What would you do if you won the lottery? What would you buy? Where would you go?

philadelphia pennsylvania lottery First, talk to a tax consultant about how you should claim your winnings You may have the option to take one lump sum or smaller payments spread out over a WoooHoooo! I won! I won! Just hearing about winning the lottery sounds great, even better if it actually happened! I wouldn't even know where to