Taxes on Your Gambling Winnings - You Owe Uncle Sam a Piece No Matter How Much You Wo

[ahlam1399]

Taxes on Your Gambling Winnings - You Owe Uncle Sam a Piece No Matter How Much You Wo

Gambling Taxes on Your Winnings are not exempt. If you are a U.S. citizen you owe Uncle Sam a share, regardless if won here or abroad. The IRS considers all Gambling Winnings taxable income, even if it's an amount that does not get reported to the IRS by the payer, like that $20 win 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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