Play your tax cards right with gambling wins and losses

Gambling Taxation, Income Tax, Individual Income Tax, Internal Revenue Service, Tax, Tax Cuts and Job Acts (TCJA) /

If you gamble, be sure you understand the tax consequences. Both wins and losses can affect your income tax bill. And changes under the Tax Cuts and Jobs Act (TCJA) could also have an impact. Wins and taxable income- You must report 100% of your gambling winnings as taxable income. The value of complimentary goodies […]

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