HOW CAN I GET MY MONEY BACK? | Gambling Therapy HOW CAN I GET MY MONEY BACK? Hi all. where do i start? yes I'm a compulsive gambler , it lets me forget my life I don't want to live anymore. I get a high when i win and don't feel nothing when i spin my £125 spins a time and lose it all then the depression and despair sets in . Can You Claim Gambling Losses on Your Taxes? - TurboTax Gambling losses are indeed tax deductible, but only to the extent of your winnings. This requires you to report all the money you win as taxable income on your return. However, the deduction for your losses is only available if you itemize your deductions. If you claim the standard deduction, then you can't reduce your tax by your gambling losses. Escape from gambling hell | Money | The Guardian
You can claim losses only to extent of your winnings, and with proof. If your tax bracket is lower than 25% you'll probably get something back anywayWinnings of this size are routinely audited. You can deduct losses up to your winnings, but you must have detailed records of your gambling activity...
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Will claming gambling losses and winnings increase my tax ... Will claming gambling losses and winnings increase my tax refund at the end of the year? Let's say I won like 15k, but then I lost back like 20k, but then I don't really have evidence to show that I won. Because I do all my gambling with horses, so I get documented if I win a lot, but there is no evidence that I lose. ... Claim your gambling ... US Gambling Refund | Casino Tax Refund | Casino Rebate For ...
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How to Use Gambling Losses as a Tax Deduction | Sapling.com How to Use Gambling Losses as a Tax Deduction. You may use gambling losses as a tax deduction up to the amount of your gambling winnings within the same calendar year. In order to claim gambling losses, you must itemize your deductions on Schedule A and file your federal income tax return on Form 1040.
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