Momentum builds for raising the tax threshold on slot winnings

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In most cases, the casino will take 24% off your winnings for IRS federal gambling taxes before paying you If your winnings were non-cash

In most cases, the casino will take 24% off your winnings for IRS federal gambling taxes before paying you If your winnings were non-cash First some background about the evil IRS regs that plague gaming Did you know that if you made a $5 wager on a video slot machine game, and you

christmas gift rush slot The cost of wagers during a tax year including amounts paid for lottery tickets, bingo games or cards, raffle tickets, slot machines card allotments, etc  Generally, if you receive $5,000 or more in gambling winnings, the payer may be required to withhold 28% in federal income taxes at the time