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How to Pay Taxes on Gambling Winnings and LossesFor many of us, gambling means buying the occasional lottery ticket on the way home from work, but the Internal Revenue Service says that casual gambling also includes raffles, casino games, poker,...

How to Pay Taxes on Gambling Winnings and Losses

For many of us, gambling means buying the occasional lottery ticket on the way home from work, but the Internal Revenue Service says that casual gambling also includes raffles, casino games, poker, sports betting—and, yes, even fantasy football. When you win, your winnings are taxable income, subject to its own tax rules. Read the full TurboTax article for details.

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Posted on July 18, 201819 notes

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