Powerball jackpot reaches $, but a winner won't be an instant

$2 billion lottery winner after taxes   Dan $2 lottery tickets

Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or

Edwin Castro, winner of a $2 billion Powerball prize, is making a big financial mistake, according to financial experts  Most lotteries offer such winners a choice between a lump sum payout and an annuity The lump sum is a single payment of the prize won, after taxes, while the

jable.tb Oscar creates a charitable lead annuity trust funded with $2 million A lottery prize is not excludable under Sections 74 and If the winner chooses the lump sum, they will walk away with $ million before taxes, according to the Powerball, although they'll owe the