{"id":1697,"date":"2023-04-19T16:06:59","date_gmt":"2023-04-19T11:06:59","guid":{"rendered":"https:\/\/www.katebeckinsalegallery.com\/?p=1697"},"modified":"2023-05-03T16:26:12","modified_gmt":"2023-05-03T11:26:12","slug":"is-1000-gambling-winnings-taxable","status":"publish","type":"post","link":"https:\/\/www.katebeckinsalegallery.com\/is-1000-gambling-winnings-taxable\/","title":{"rendered":"Is $1000 Gambling Winnings Taxable?"},"content":{"rendered":"

Gambling winnings are considered taxable income by the Internal Revenue Service (IRS). This means that if you win $1000 or more from gambling, you are required to report it on your tax return and pay taxes on it. In this article, we’ll explore the rules and regulations around taxable gambling winnings and what you need to know about reporting your winnings to the IRS.<\/p>\n

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Table of Contents<\/p>\n