Did you win your Super Bowl bets? Or was you wallet (and heart) crushed by that game-ending, goal line interception?
If you're this guy, so sorry. I know how you feel. I am, after all, a Dallas Cowboys fan.
If you're these guys, sorry, too. But I'm sure that your joy was not diminished by the side eye directed at your outfits.
Pay your gambling taxes: Regardless of which team you root for, if any of your National Football League championship game wagers paid off, congratulations.
Now make note that you'll need to report that betting income to the Internal Revenue Service on your 2015 tax return next year.
How to do just that, and possibly lower the amount you share with Uncle Sam, is detailed in one of this week's Daily Tax Tips.
Here's the link to that tip and the full round-up of tax advice for the first work week of February:
- Reporting gambling winnings (Monday, Feb. 2, 2015)
- Taxable vs. nontaxable income (Tuesday, Feb. 3, 2015)
- Standard or itemized deductions? (Wednesday, Feb. 4, 2015)
- Using taxes to reduce taxes (Thursday, Feb. 5, 2015)
- 10 often overlooked tax breaks (Friday, Feb. 6, 2015)
Special tax tip pages: These five tax tips kick off the February tax tips page.
If you happen to miss a Monday-through-Friday tax tidbit posted in the upper right corner of the ol' blog's home page or the end of week round-up, the monthly tax tip pages have the details.
January's page is complete. As they arrive, March and April will have their spots, too.
And hang in there pigskin fans.