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I have the same question. Someone plz answer!! I'm worried cuz I don't report my gambling winnings and now I may be charged with unemployment fraud which carries a 5 year jail sentence
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∙ 12y ago
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Do you have to pay taxes on gambling winnings in Ma?
Yes but only if you win over a certain amount of money Actually, ALL income from gambling, lotto, etc., etc is taxable....there and everywhere, as ordinary income. (You may deduct provable losses against winnings...so keep your losing lottery tickets). The above may be thinking about withholding of tax on the winnings which is required only above certain amounts.
What health insurance policy is most suitable for someone who is self employed?
One who is self employed might find that the most suitable insurance policy would be against unemployment insurance. Many insurance companies offer such insurance.
Can credit card debt collect against NY state lottery winnings?
Only if the have a valid judment. If they do they can levy against the winnings just like any other asset of the debtor.
What is the unemployment?
Unemployment means having no job to do to get money against.
Is online gambling legal in Massachusetts?
To answer your question, yes online gambling is legal in Maryland. Online gambling is currently legal in every state with the exception of WA. There is no federal law against online gambling, and WA is the only state that has adopted a law against gambling online.
Is online gambling illegal in Pennsylvania?
No online gambling is not illegal in Pennsylvania, as there is no federal, or Pennsylvania state law against online gambling. Online gambling is currently legal in every state with the exception of WA. There is no federal law against online gambling, and WA is the only state that has adopted a law against gambling online.
Can you use lottery and instant scratch tickets in Connecticut as tax write-offs?
First off...it's federal income tax you would be most concerned with...and states generally just follow anyway. Presuming your not a professional gambler (and obviously...it would be hard to show you are playing lottery), proven gambling losses are only usable as an offset against your reported gambling winnings.
Why can't kids play the lotto?
There are laws against children gambling.
Why do you have to pay tax on casino winnings when you are likely going to put it all back into the casino and then some?
It's considered a source of income and therefore taxable. The person choosing to continue gambling with that income and perhaps losing it, is not relevent as far as the IRS is concerned. Moreover, your getting ahead of yourself in the accounting....if you sit and the table and lose....you don't have to have any tax withheld as you won't pay any. And if you win one day, and lose the next, the amount of the loss IS able to be taken against the income from the winnings...so you don't pay tax only on winnings...but NET winnings.
How do you access your unemployment records?
Because unemployment records are confidential, and available to only the claimant and the employer claimed against, you have to contact your state's unemployment office for the information.
Is online gambling legal in Baltimore MD?
Online gambling is legal in the state of MD as there is no federal law or state law preventing anyone from gambling online. The state of WA is one of the only states in the United States with a state law against online gambling.
Is gambling at home illegal?
Even for private establishments, state and local laws restrict or prohibit gambling. While "offshore" internet gambling is technically against US laws, it is also easily manipulated to seize individual assets, leaving no legl recourse.
