Jackpot! Slot-machine gamblers could keep more of their winnings

When you receive an amount of money from a gambling activity, the amount is usually not assessable income unless you are a professional gambler In deciding

Any money you win while gambling or wagering is considered taxable income by the IRS as is the fair market value of any item you win This means there there is

door mail slot As the above rules should make clear, you must list both your total annual gambling winnings and losses on your tax return If you're audited, your losses will

download games slot online But that's not all: IRS rules state that a fixed rate of 24% of all winnings must also be paid in federal taxes Kentucky Sports Betting Launch