Gambling taxes on your winnings are most likely to be now not exempt. While you are a U.S. citizen you owe Uncle Sam a section, regardless if won right here or abroad. The IRS considers all gambling winnings taxable profits, despite the truth that it’s an quantity that would now not score reported to the IRS by the payer, cherish that $20 gain on a scratch off mark, or a lucky $250 when your numbers hit, even a $1,000 jackpot on your accepted slot machine. Sadly, gambling taxes are due.
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