Smart tax strategies for lottery winners - Tax Insider

Smart tax strategies for lottery winners - Tax Insider if i win the lottery can i give money to my family Hang out together with family more Pay the check, buy the groceries, and, if they need, give the 'loan they need' and never mention it again if you win lottery what to do Step 9: Look at gifting money to family and friends Lottery winners can make a gift of their winnings, up to the annual exclusion limit

if you win lottery what to do Gifting large sums of money to family members after a big lottery win that will ensure that they will never be in want is a noble and generous thing to do In

if you win the lottery how much do you get I was about 1011 years old Do you know what your parents did with the money they didn't spend? Yes, I think some investing but then also savings too “In the , each person can give $ million away, free from the gift tax,” which costs a percentage of every dollar above that amount,