by clicejames | Jun 11, 2025 | Taxes & Financial Planning for Winners
Winning a sweepstakes is thrilling, but many forget about the taxes they must pay. The IRS 1099-MISC Form is key in telling the government about these winnings. Winners must know how this form affects their money matters.When you win a prize, the IRS wants to know...
by clicejames | Jun 11, 2025 | Taxes & Financial Planning for Winners
Winning a home in a sweepstakes is a dream come true. But, there's a financial reality to face: Taxes on Home Prizes can make your win complex. Every Sweepstakes Winner needs to know the Prize Tax Implications before celebrating.The IRS sees prize winnings as taxable...
by clicejames | Jun 11, 2025 | Taxes & Financial Planning for Winners
Winning a sweepstakes is thrilling, but knowing about taxes is key. In 2025, the IRS sees sweepstakes winnings as income you must report. This is important for handling your new money wisely.The tax on your sweepstakes winnings in 2025 depends on a few things. These...
