Congratulations to the Saints for their win in Super Bowl XLIV.
Now to the big tax question. Were you also a winner when it came to a bet on who would take home the Lombardi Trophy?
If you did pocket a few (or more) extra bucks thanks to the efforts of Drew Brees, Reggie Bush and teammates, be sure to share with Uncle Sam. Remember, gambling winnings are taxable income.
I'm sure, however, that all those ecstatic New Orleans fans who put their hearts and money on their team won't be complaining too much.
Prop bet P.S.: Well, I would have lost big on the Kim Kardashian TV shots prop bet that I mentioned yesterday. I didn't see her once.
But I would have taken in a few dollars on the Gatorade shower. Coach Sean Payton was doused with the original yellow version.Related posts:
- Bet on it, gambling winnings are taxable
- Get your Super Bowl bets down
- IRS is big Super Bowl loser
- Internet betting gets another advocate
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