by clicejames | Aug 2, 2025 | Taxes & Financial Planning for Winners
Winning a sweepstakes is thrilling, but it also brings tax issues. Many ask if they can deduct charity donations from their winnings. Figuring out tax rules for sweepstakes and charity donations can be tricky. Winners of sweepstakes face special tax challenges. The...
by clicejames | Aug 2, 2025 | Taxes & Financial Planning for Winners
Winning a big prize is exciting, but the tax side can get complicated. Sharing lottery winnings with loved ones adds more layers to the tax puzzle. It's important to plan carefully and understand the rules. Splitting a prize means looking at many financial factors....
by clicejames | Aug 2, 2025 | Taxes & Financial Planning for Winners
Winning a home is exciting, but many forget about property tax planning. It's key to avoid sudden financial problems. You need a smart plan to handle your new home's taxes. After winning a home, knowing your tax duties is crucial. The thrill of winning can turn to...
by clicejames | Aug 2, 2025 | Taxes & Financial Planning for Winners
Understanding state lottery taxes and sweepstakes tax rules can be tough. It's key for those who play these games. Knowing the differences helps winners manage their winnings better. In the U.S., lottery and sweepstakes winnings are taxed differently. Each state has...
by clicejames | Aug 2, 2025 | Taxes & Financial Planning for Winners
Winning money can be thrilling, but it also brings big tax duties. It's key to know how taxes work on your winnings. This is true whether you hit a jackpot, won a prize, or got a surprise windfall. The IRS wants you to report and pay taxes on your winnings. So, should...
by clicejames | Aug 2, 2025 | Taxes & Financial Planning for Winners
Winning a sweepstakes is thrilling, but many don't get the tax rules right. The Top 10 Tax Myths About Sweepstakes Winnings expose big mistakes. These errors can lead to big problems with the IRS. Sweepstakes taxes are more complex than most winners think. It doesn't...
