Smart strategies to minimize the tax implications of your lottery

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Any lottery winnings that you gift to your family members will not be regarded as personal income and neither you nor them will need to pay any tax—unless you

A $ billion Powerball jackpot is up for grabs again on Wednesday after 11 weeks without a winner · Winning a large sum of money opens up a Another consideration is to choose not to give any money to your family immediately Instead, you can choose to invest it carefully, and then

to day lottery sambad Some have used their winnings to pay college tuition or buy motorcycles Lottery winnings have also been deemed blessings by some families, Small grants give expectant families a boost, but the impact of larger sums depends a lot on the recipient's gender