Last year, ESPN estimated that March Madness bets would total to the whopping amount of about $10 billion. That’s real money, and real money comes with real tax implications. How much your March Madness bracket will cost you at tax...
Every year, I join a fantasy football league with my friends and every year, I lose. So for me, unfortunately, my limited sports gambling has no impact on my taxes. But if you frequently place bets on sporting events, and...
Most people don’t think about taxes on their way to the casino. But what might seem like nothing more than a fun night in Las Vegas actually carries significant tax consequences if you win. Failure to properly report your haul can result in serious penalties and headaches you just don’t want.
Are you ready for some football? If so, maybe you’ve been thinking about putting a little money on the game, and if you are, it’s important to know that there may be tax implications. Like other sources of income, gambling...
Imagine this: you’ve made it to the final showcase of a popular game show. You have just guessed how much a 72” television, a red 2017 Chevrolet Camaro and a week-long trip to Thailand would cost. Suddenly, the host announces...
When March comes around, sports enthusiasts everywhere start to watch the top college basketball teams compete against one another from the sweet sixteen, final four to that last game of the March Madness Tournament. For the next few weeks, millions...
The Big Game is one of the busiest times of year for gambling in America. Whether you put $20 in the pool at the party, or double down at the Sports Book, there may be some implications for your taxes...
The Big Game is coming up soon and wagers are being made on everything from who will make the first touchdown to how many times half-time performers name’s will be heard. But if you win big, just how much of...
Are you a betting man or woman? Between the MLB World Series, football season in full swing and basketball about to begin, you’re probably putting money on something. Find out just what type of sports fanatic you are (and if...
With football season in full swing, fantasy football as well as other sports gambling has been increasing in popularity. Let’s take a look at the 5 types of sports gamblers you’ll meet and what the tax implications may mean for...
Last year, ESPN estimated that March Madness bets would total to the whopping amount of about $10 billion. That’s real money, and real money comes with real tax implications. How much your March Madness bracket will cost you at tax... 
