HOME About Us Tax Answers RSS Feed | IRS Taxes E-Filing Self Employment Tax Social Security Fraud Back Taxes Filing An Extension Claiming Dependents Late Penalties Tax Refund Earned Income Tax Credit ASK YOUR TAX QUESTION
Get Low Cost Whole Life Insurance | Have A Large Tax Bill? Call Tax Relief Help Line 888-769-8983
Q) My husband won 14,000.00 at casino in Delaware we live in Md. Can he claim all the losing lotto tickets he has lost this year to wash out taxes owed for this 14,000.00 winning. Also what is the tax percentage to Maryland and Federal for tax withholding on this amount.
A) According o TurboTax.com
“Gambling losses are indeed tax deductible, but only to the extent of your winnings. … However, the deduction for your losses is only available if you are eligible to itemize your deductions. If you claim the standard deduction, then you can’t reduce your tax by your gambling losses.”
Tell us Your Experience at Your Local Tax Office in the Comments Section below your experience will be shared on taxoffices.org. Have A Large Tax Bill? Call Tax Relief Help Line 888-769-8983 Related
Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Taxoffices.org is a private website not a government website. If you have questions on your taxes it is always best to consult with a certified tax accountant in your state. The Tax Relief Helpline is NOT A State Government or IRS service and is not affiliated with taxoffices.org.