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The Tax Implications of Being a Jackpot Winner

The Tax Implications of Being a Jackpot Winner

If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of your good fortune. Winning at gambling Whether you win at the casino, a bingo hall, or elsewhere, you must report 100%...
Off To Day Camp? You May Be Eligible For A Tax Break

Off To Day Camp? You May Be Eligible For A Tax Break

Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense. The good news: You might be eligible for a tax break for the cost. The value of a credit Day camp is a qualified expense under the child and...
Congress Reforms the IRS, Enhances Taxpayer Protections

Congress Reforms the IRS, Enhances Taxpayer Protections

The U.S. Senate has passed, and President Trump is expected to sign into law, a broad package of reforms aimed at the IRS. Among other things, the Taxpayer First Act contains several new protections for taxpayers, along with provisions intended to improve the IRS’s...
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