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posted Jun 3, 2019 10:30:04 AM

My refund went down by $500.00 after posting $2000.00 of gambling interest? Why so much of a change of refund?

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1 Best answer
Expert Alumni
Jun 3, 2019 10:30:05 AM

If your income is between $37,950 to $91,900, any income that you add to your return is taxed at 25%.

1 Replies
Expert Alumni
Jun 3, 2019 10:30:05 AM

If your income is between $37,950 to $91,900, any income that you add to your return is taxed at 25%.