https://ttlc.intuit.com/community/taxes/discussion/gift-card-prizes/01/3623171#M1338194 <P>Do I need to report prizes I won on gift cards? I won about 340 dollars of gift cards in 2025.&nbsp; Do I need to report it as income? I already spent the money?&nbsp;<BR /><BR /><BR /></P> Thu, 03 Apr 2025 13:52:37 GMT taxfromhome 2025-04-03T13:52:37Z https://ttlc.intuit.com/community/taxes/discussion/gift-card-prizes/01/3623171#M1338194 <P>Do I need to report prizes I won on gift cards? I won about 340 dollars of gift cards in 2025.&nbsp; Do I need to report it as income? I already spent the money?&nbsp;<BR /><BR /><BR /></P> Thu, 03 Apr 2025 13:52:37 GMT https://ttlc.intuit.com/community/taxes/discussion/gift-card-prizes/01/3623171#M1338194 taxfromhome 2025-04-03T13:52:37Z https://ttlc.intuit.com/community/taxes/discussion/re-gift-card-prizes/01/3623259#M1338207 <P>All income should be reported to the IRS. However, If you received the gift cards in 2025, they should be on the return you file next year.</P> Thu, 03 Apr 2025 14:24:17 GMT https://ttlc.intuit.com/community/taxes/discussion/re-gift-card-prizes/01/3623259#M1338207 JohnB5677 2025-04-03T14:24:17Z