14 April

Tax Implications of Income From Gambling

By: Chloe Game

  In the U.S., winnings from gambling must be reported on federal income tax returns. These winnings may come from slot machines, keno, bingo, sweepstakes, and lotteries. These activities include wagers in poker tournaments, horse or dog races, off-track betting, raffles, and game shows. You should be aware of tax implications when you make gambling […]