IRS to March Madness office pool players: Gambling winnings are taxable
Breakfast with Benjamin An estimated 70 million Americans will wager $9.2 billion this year through March Madness office pools, but keep in mind that any winnings are taxable.
- As you start to overdose on college basketball while clinging to your NCAA bracket, keep in mind that the IRS considers all gambling winnings to be taxable. Just saying. An estimated 70 million Americans will wager $9.2 billion this year through March Madness office pools. And while we’re at it, here are five things March Madness can teach you about trading.
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