What Exactly Should You Do With Your Gambling Winnings?
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Find out how **gambling income** is taxed and what you need to know before you file! 🎰💰 ✔️ **All gambling winnings are taxable** – This includes **casinos, sports betting, lottery, poker, and even online gambling.** ✔️ **You may receive a Form W-2G** if your winnings exceed certain amounts. ✔️ **Report ALL winnings** on your tax return, even if you don’t get a W-2G. ✔️ **Gambling losses may be deductible** if you itemize, but only up to the amount of your winnings. ✔️ **Taxes may be withheld**
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