You had a good year betting on sports, and when it was all said and done, you were ahead by $8,500. Then your uncle gives you even more good news: you don't need to worry about taxes because it's under $10,000. Sounds great...if it's true.
You walk into a casino hoping for a lucky night. But while you might know that the IRS wants its share when you win, the bigger question for most of us is: can we write it all off when we lose? The answer is more complicated than most gamblers realize.
My brother spends $50 on game parlays every Sunday—should I worry? Here is how to tell whether a small weekly betting habit is harmless fun or a sign of a bigger gambling problem, plus how to bring it up without starting a fight.
Few situations test your patience like a sibling who’s broke, irresponsible with money, and now asking to move in with you. We look at how you can help without compromising your finances.
