Learning Center

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.

Share this article...

Sign up for our newsletter.

Each month, we will send you a roundup of our latest blog content covering the tax and accounting tips & insights you need to know.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .

Our Offices

Our expertise is widespread and we have multiple office locations to make it convenient for you to get help. You can find us at:

Manhattan

270 West 39th St., Suite 602
New York City, New York 10018
(718) 576-2275 or (844) 3GENIUS (844-343-6487)
(718) 576-2297
info@taxgeniusinc.com

Queens

153-35 Hillside Ave.
Jamaica, NY 11432
(718) 576-2275 or (844) 3GENIUS (844-343-6487)
(718) 576-2297
info@taxgeniusinc.com

Long Island

374 South Oyster Bay Road
Hicksville, NY 11801
(718) 576-2275 or (844) 3GENIUS (844-343-6487)
(718) 576-2297
info@taxgeniusinc.com