Playing taxes on your winnings are now now not exempt. If you’re a U.S. citizen you owe Uncle Sam a half, regardless if won right here or foreign. The IRS considers all gambling winnings taxable profits, even if it be an amount that does now now not assemble reported to the IRS by the payer, esteem that $20 put off on a scratch off ticket, or a lucky $250 when your numbers hit, even a $1,000 jackpot on your favorite slot machine. Sadly, gambling taxes are due.
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