What The Federal Tax Reform Means for Gamblers – The Monday Link

EVERY MONDAY, NETG BRINGS YOU A GAMBLING POST FROM SOMEONE ELSE FOR YOUR INTEREST, ENTERTAINMENT, AND KNOWLEDGE. WE CALL THIS: "THE MONDAY LINK" According to Motley Fool's Matthew Frankel, "The Tax Cuts and Jobs Act was the biggest overhaul to the U.S. tax code in decades, and it made some significant changes to the tax deductions that … Continue reading What The Federal Tax Reform Means for Gamblers – The Monday Link

Taxes – A Quick Gambler’s Guide – Part 1

Wow! a Jackpot! Now What... How many times have you finally hit that rare jackpot over $1200, your machine has locked up and here comes casino staff - much quicker than that 15-minute ago drink order. "Congratulations!", as they make the usual check for any machine malfunction or possible shenanigans on your part - to … Continue reading Taxes – A Quick Gambler’s Guide – Part 1

IRS Wants Even More of Gambling Winnings – and More Info About You, Too

Did you know that gambling winnings are fully taxable and must be reported on your tax return. Here are the top seven facts the Internal Revenue Service wants you to know about gambling winnings taken from the IRS website: Gambling income includes – but is not limited to – winnings from lotteries, raffles, horse and … Continue reading IRS Wants Even More of Gambling Winnings – and More Info About You, Too