by clicejames | Jun 11, 2025 | Taxes & Financial Planning for Winners
Winning a sweepstakes is thrilling, but many forget about the taxes on prize money. It's key to know the tax rules for sweepstakes to stay out of trouble with the IRS. The government sees sweepstakes winnings as income. This means big or small, you'll face tax issues....
by clicejames | Jun 11, 2025 | Taxes & Financial Planning for Winners
Winning a sweepstakes is exciting, but dealing with taxes is a big task. It's important for low-income winners to know their tax duties and make the most of their win.The IRS sees lottery and sweepstakes wins as income, no matter the size. Winners with lower incomes...
