Introduction: Winning a lottery is undoubtedly an exhilarating experience that can bring financial freedom and open doors to a world of possibilities. While the excitement of the moment takes center stage, it’s essential to understand the tax implications that come with your newfound fortune. In this article, we’ll explore what you need to know about taxes after winning a lottery, ensuring you can fully enjoy your windfall while staying financially responsible. Lump Sum vs. Annuity Payments: When you win a lottery, you typically have the option to choose...