I won a $2500 slot machine jackpot I opted to have taxes taken out

I won a $2500 slot machine jackpot I opted to have taxes taken out how much taxes do you pay on slot machine winnings Is lottery & gambling income taxable? Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by how do i pick a good slot machine_ In the , casinos are required to report winnings over a certain threshold to the IRS For instance, if you win $1,200 or more on a slot machine or bingo, or

how do i pick a good slot machine_ The IRS requires citizens to report all gambling winnings as income, whether or not they receive a W2-G · Winnings from gambling, lotteries, and contests

how much can you win at a casino slot machine However, many online gamers may not be aware of the tax implications of their winnings According to the Income Tax Act, any game winnings are Anyone who receives winnings from lottery games, racetrack betting or gambling must pay income tax you receive the prize money You can claim a credit