Playing taxes on your winnings are now not exempt. Whilst you occur to are a U.S. citizen you owe Uncle Sam a part, regardless if received right here or in a foreign nation. The IRS considers all playing winnings taxable earnings, even though it’s an quantity that does now not procure reported to the IRS by the payer, fancy that $20 purchase on a scratch off tag, 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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