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EDGEMAN

Joined: 01/05/2001 Posts: 124899
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Tax question - charity donations


When is the best time to contribute "big chunks" if you take the lump sum payout? Thinking the first year when one initially win's the jackpot so deductions are taken out before the initial year's tax bill, right?

If one takes the yearly distribution, then yearly contributions are the way to go.

If I hit a big one, would probably donate a nice chunk to charity. I'm thinking St. Jude Children's Cancer Center would be at the top of my list.

What other charities should one consider?

(In response to this post by Coach McGuirk)

Posted: 01/10/2021 at 6:33PM


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