What Do You Think?: The Intersection of Everyday Life with God’s Word
Generally, you cannot deduct gambling losses that are more than your winnings Example: If you won $10,000 but lost $15,000 You may deduct
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Most states tax lottery winnings as well; depending on where you live your total tax bill could be as high as 50% of the prize, based on your other income In
candy pop slot As a recreational gambler, you can only deduct losses You cannot deduct the cost of bingo, lottery, or raffle tickets Fanduel Taxes Yes, your
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