Super Bowl betting could break records as more states allow legal sports wagering.
Super Bowl bettors need all the breaks they can get. Those who will be licking their wounds after the big game will undoubtedly ask, “”Sunday is a showdown between the Kansas City Chiefs and the Philadelphia Eagles, but it’s also... Super Bowl bettors need all the breaks they can get.
The American Gaming Association estimates more than 50 million Americans will place Super Bowl bets for a combined $16 billion. The organization’s tally is also counting informal bets and pools among friends. First off, the IRS says “gambling winnings are fully taxable and you must report the income on your tax return.” That applies to proceeds including lotteries, raffles, horse races, hauls at a casino and more.First, a taxpayer would have to skip the standard deduction and instead itemize their deductions in order to access the gambling loss provision.
This year, the standard deduction is $13,850 for an individual and $27,700 for a married couple filing jointly.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Super BowlSuper Bowl news and information about when is the Super Bowl, the Super Bowl halftime show, Super Bowl odds, Super Bowl scores, where the Super Bowl is this year, the date of the Super Bowl, what channel the Super Bowl and more NFL playoffs coverage.
Consulte Mais informação »
Super Bowl 2023 halftime show: What to know about Rihanna's performance at Super Bowl 57You probably know that rihanna is taking the stage at the SuperBowlHalftimeShow And maybe you already know who's singing this year’s national anthem, as well as the Black national anthem. Or maybe you don’t know. We’re here to help. SuperBowl
Consulte Mais informação »
Super Bowl 2023 Livestream: How to Watch Super Bowl LVII OnlineThe Kansas City Chiefs face off against the Philadelphia Eagles at Sunday's SuperBowl, with kickoff expected around 6:30pm ET. Here's where to find a livestream to watch the big game online.
Consulte Mais informação »
Puppy Bowl returning for 19th year on Super Bowl 2023: What to knowThe Puppy Bowl will be returning for its 19th year on Super Bowl 2023. Here's what viewers can expect from these adoptable canines, according to Puppy Bowl Referee Dan Schachner.
Consulte Mais informação »
Blood Bowl 3 Releases New Trailer Ahead Of Super BowlICYMI: Nacon has a brand new trailer out for BloodBowl3, harkening a little to the SuperBowl before it's released later this month.
Consulte Mais informação »
After ‘Crypto Bowl,’ Super Bowl LVII Will Be a Crypto BustThere won’t be any national ads from cryptocurrency companies during Super Bowl LVII, according to a spokesman for Fox, a reversal from last year’s game when firms splurged on star-studded commercials.
Consulte Mais informação »