jackpot

Taxes From A to Z®

Taxes From A To Z (2019): J Is For Jackpot
ByKelly Phillips Erb March 24, 2019October 29, 2019

It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter. J is for Jackpot. The Powerball Jackpot…

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Individual | Sports and Tax

Super Bowl Gamblers Risk Big Dollars, But Even Small Bets Can Have Tax Consequences
ByKelly Phillips Erb February 3, 2019October 30, 2019

Who’s going to win Super Bowl LIII? So far, odds-makers have the New England Patriots edging out the Los Angeles Rams for the win in Atlanta. But not everyone is counting out the Rams: Gamblers are putting down big bucks, upwards of $1 million, in favor of the NFC Champions. MGM Resorts has reported a $2…

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State and local tax (SALT)

Everybody Wins! Lotteries Like Mega Millions Benefit Taxpayers, Seniors, Schools, & More
ByKelly Phillips Erb December 18, 2013July 19, 2020

Playing the lottery? Do you know where your dollars go?

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