How Are Gambling Winnings Taxed?

Save
3 years ago
7

How are gambling winnings or losses taxed?

Have a question for the show? Call or text 574-222-2000 or leave a comment!

Want to speak with a Certified Financial Plannerâ„¢? Visit https://www.korhorn.com/ or call 574-247-5898.

Find more information about the Wise Money Showâ„¢ at https://www.korhorn.com/wise-money-show

LINKS: https://www.irs.gov/taxtopics/tc419#:~:text=Gambling%20winnings%20are%20fully%20taxable,such%20as%20cars%20and%20trips

Be sure to stay up to date by following us!
Facebook - https://www.facebook.com/WiseMoneyShow ​
Twitter - https://twitter.com/WiseMoneyShow ​
Instagram - https://www.instagram.com/wisemoneyshow/ 

Want more Wise Moneyâ„¢?
Read our blog! https://www.korhorn.com/wise-money-blog ​
Listen on Podcast: https://link.chtbl.com/WiseMoney ​
Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow

Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Loading comments...