Gambling taxes on your winnings are now now not exempt. In case you are a U.S. citizen you owe Uncle Sam a fragment, regardless if won here or foreign. The IRS considers all playing winnings taxable profits, even supposing it be an quantity that would now not score reported to the IRS by the payer, cherish that $20 grab on a scratch off ticket, or a lucky $250 when your numbers hit, even a $1,000 jackpot on your well-liked slot machine. Sadly, playing taxes are due.
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