Taxes on Slot Machine Winnings & Jackpot Legislation

Taxes in America are due in a few days! Do you have to report all your gambling winnings? Are there taxes on slot machine winnings? Plus, there is new legislation coming that could change the way you report jackpots to the IRS! The SLOT Act is a new bill that will raise reporting thresholds! Hello friends, sports betting and online gambling have been sweeping across this country for the past several years. And with more people gambling, more people are asking how to report their gambling activity on their taxes, if there are taxes on slot machine winnings, or if…