Slot-machine gamblers could keep more winnings from IRS scrutiny

Any wins that trigger a W-2G are withheld at a rate of 24% However, this may be more or less than you actually pay depending on the rest of

Report all gambling winnings as taxable income on your tax return · If you itemize deductions, you can offset your winnings by deducting gambling losses

what is the best time to win on slot machines You pay this tax on the difference between the bets and the prizes, or on the commission you received If you operate gaming machines, you pay betting and

skill slot machines Here's the truth with gambling taxes: both cash and noncash gambling winnings are fully taxable What are cash winnings? Cash winnings include money you