Tax Break: The TurboTax Blog » March Madness

Does March Madness Boost Employee Morale and Productivity [Infographic]?

joshritchie — Tue, 19 Mar 2013 22:20:39 +0000

March marks the countdown to the tax deadline and the long-awaited March Madness office pools. While employers complain that they lose money during the NCAA tournament, employees score on their office pool winnings. Our March Madness infographic looks at how March Madness activities really impact employee productivity and morale and reminds you of the tax implications of your winnings.

Did you participate in a March Madness pool in 2012? Don’t forget to claim your winnings and to deduct your losses.

Infographic by Column Five Media

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The Vices of March: Sin Taxes Meet March Madness

joshritchie — Thu, 01 Mar 2012 22:09:08 +0000

Whether we’re talking about the Super Bowl, Fantasy Football, or March Madness, we all may have to pay “sin tax” on everything from those “legal” gambling wagers to the kegs of beer consumed while enjoying those sports. With March Madness and St. Patricks Day (one of the biggest holidays for beer consumption) all in the same week, gambling casinos and alcohol companies can expect to generate a hefty amount of tax revenue. Check out our infographic which shows just how much revenue is generated from March Madness and “Sin Taxes”.

Interactive by joshritchie

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There's Madness In The Numbers Of March

joshritchie — Wed, 16 Mar 2011 01:56:09 +0000

Every year Americans gather together to focus their attention on the last couple of weeks in March–and not just to celebrate St. Patrick’s Day. These are the weeks of some of the nation’s most watched-and-wagered-on basketball tournament. Let’s take a look at what all this madness is about and what it means for fans and gamblers alike. And don’t forget to ask yourself where your wagers will fall this year.

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