Video Tips: Gambling Tax Gotchas

Gambling income can affect taxes in more ways than one might believe, including causing Social Security income to be taxed, reducing health care insurance subsidies through government marketplaces, paying higher Medicare B and D premiums, having additional filing requirements, and limiting or reducing several tax deductions and credits.

This office is here to help you understand the full tax implications before you roll the dice. Contact us today to ensure your next win doesn’t come with unexpected costs.

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