Gambling taxes in your winnings are now no longer exempt. When you happen to’re a U.S. citizen you owe Uncle Sam a portion, regardless if won here or in every other country. The IRS considers all gambling winnings taxable earnings, even supposing it’s an amount that doesn’t glean reported to the IRS by the payer, cherish that $20 consume on a scratch off stamp, or a lucky $250 when your numbers hit, even a $1,000 jackpot in your well-liked slot machine. Sadly, gambling taxes are due.
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