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 | Jun 11, 2025 | Taxes & Financial Planning for Winners
Winning a prize can be thrilling, but knowing about taxes is key. The IRS sees most prize winnings as taxable income. This means both federal and state taxes will want a piece of your winnings. Federal and state taxes on prizes can be tricky. Whether it's cash,...
