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Gambling winnings are considered income — technically, “other income” — on state and federal tax returns, Mark Steber, chief tax information officer for Jackson Hewitt Tax Services, told Nexstar. You have to pay tax on all of your winnings, big or homepage: small. But regardless of what gambling platform you use, it's a good idea to always http://bbs.sdhuifa.com/home.php?mod=space&uid=663088, keep a record of the date and amount of your wins and losses, as well as hold onto any corresponding receipts and documentation. You're still on the hook even if you don't receive a tax form from the place you gambled. For many, gambling means buying the occasional lottery ticket on the way home from work, but the Internal Revenue Service says that casual gambling also includes raffles, casino games, poker, sports betting—and, yes, even fantasy football. When you win, your winnings are taxable income, subject to its own tax rules.
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