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Cashing Out: Lottery Winnings After Taxes
Last Friday everyone scrambled to get that last mega millions lottery ticket and anxiously awaited the announcement of the biggest jackpot in U.S. lottery history. A record $656 million BIG! That’s...
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America’s Obsession with Fantasy Football [Infographic]
Fantasy sports continues to grow in the United States, with Fantasy Football scoring as the most popular (and obsessive) fantasy sport that people love to play. It has become a billion dollar industry...
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Does March Madness Boost Employee Morale and Productivity [Infographic]?
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...
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How Do Game Show Winnings Affect Your Taxes?
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....
View Article3 Tax Reasons for Why You Should Think Twice Before Betting on the Big Game
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...
View ArticleHere’s How Gambling on College and Professional Sports Affects Your Taxes
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...
View ArticleTop 5 Smartest and 4 Dumbest Ways to Use Your Tax Refund
With tax season here and many people expecting a tax refund, I thought it would be fun to list some of the smartest (and dumbest) ways you can spend your money.Full Story
View ArticleHow Will You Be Taxed If You Win the Powerball Jackpot?
Have you caught Powerball fever? Much of the country has, creating long lines at convenience stores and driving today’s jackpot to a record-breaking $1.5 billion dollars as of publishing. Admittedly,...
View ArticleYour Personal Tax Prep Checklist – Check Off These Documents Before Starting...
If you are eager to file your taxes, either because you’re due a tax refund or you just want to get it out of the way, the IRS has announced they will be accepting paper and electronic returns starting...
View ArticleLast Call on These Popular Tax Deductions
For people who haven’t filed your 2017 taxes yet, make sure to take advantage of these tax deductions while you still can before the October 15th extended tax deadline! The new tax reform law...
View ArticleOscars and the Taxation of “Swag Bags”
The outfits are picked, parties planned, and the votes for the 2019 Oscar winners will be tallied. Today, Hollywood’s nominees will gather for the 91st Academy Awards ceremony. And while most hopefuls...
View ArticleHow Are Gambling Winnings Taxed?
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...
View ArticleHow Your Lottery Winnings Are Taxed
Winning a large Lottery Jackpot is a dream come true for many! Everyone scrambles around to get last minute tickets and hoping to be a winner of the next large jackpot in lottery history. But lottery...
View ArticleSports Gambling and How Your Winnings are Taxed
You may be headed to the racetrack, casino or to make your sports bet, hoping to win big. But you might be surprised that Uncle Sam has his fingers crossed for your good fortune as well. Full Story
View ArticleHow Much Does the Government Make Off of Gambling?
In the fourth installment of our "Sin Tax" series, we explore the financial implications of gambling.Full Story
View ArticleThe Vices of March: Sin Taxes Meet March Madness
Whether we're talking about the Super Bowl, Fantasy Football, or March Madness, we all may have to pay "sin" tax. Check out our infographic showing how much revenue is generated from March Madness and...
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