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A: Yes, winnings are topic to federal and state taxes. The rate can differ depending on the prize quantity and the winner’s state of residence. It’s advisable to seek the assistance of a financial advisor to navigate the tax landscape successfull
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Q: What should I do if I win?
A: First, take a deep breath and stay calm. After securing your ticket, seek professional monetary recommendation to navigate the windfall properly. Contact your state’s lottery office to claim your prize and think about your choices relating to annuity funds versus a lump su
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