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 money through mobile apps is getting more common in our digital world. People in the United States are finding new ways to make money on their phones. But, the big question is: do you have to pay taxes if you win through a mobile app? Taxes on mobile app...
by clicejames | Jun 11, 2025 | Taxes & Financial Planning for Winners
Winning a prize can be thrilling, but knowing the tax rules for non-cash prizes is key. The IRS says you must report all prizes and winnings, even if they're not cash. This includes cars, vacations, and electronics, which can affect your money planning.Taxing non-cash...
by clicejames | Jun 11, 2025 | Taxes & Financial Planning for Winners
Winning a sweepstakes is thrilling, but taxes can quickly ruin the fun. Smart winners know that where they live matters a lot. Some states are much kinder to sweepstakes winners when it comes to taxes.The U.S. has many different tax rules that can change how much you...
by clicejames | Jun 11, 2025 | Taxes & Financial Planning for Winners
Understanding tax deductions for sweepstakes can be tough. You need to know if you can write off sweepstakes losses on your taxes. This requires looking closely at IRS rules and keeping detailed records.The IRS has clear rules for reporting gambling income. This...
