Gambling taxes on your winnings are no longer exempt. In case you are a U.S. citizen you owe Uncle Sam a share, regardless if won right here or abroad. The IRS considers all playing winnings taxable earnings, despite the reality that it be an quantity that does no longer net reported to the IRS by the payer, love that $20 collect on a scratch off label, or a lucky $250 when your numbers hit, even a $1,000 jackpot on your approved slot machine. Sadly, playing taxes are due.
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