Gambling taxes on your winnings are no longer exempt. Whenever you happen to are a U.S. citizen you owe Uncle Sam a part, regardless if won here or overseas. The IRS considers all playing winnings taxable income, even if it’s an quantity that does no longer gain reported to the IRS by the payer, cherish that $20 accumulate on a scratch off trace, or a lucky $250 when your numbers hit, even a $1,000 jackpot on your licensed slot machine. Sadly, playing taxes are due.
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