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slr1891
New Member

I don't have a job so I don't need to file a return but I do have gambling winnings to claim. How does this work?

Is there any amount that it has to be over that I would pay taxes on?
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2 Replies

I don't have a job so I don't need to file a return but I do have gambling winnings to claim. How does this work?

Gambling winnings are taxable income to be reported on your tax return.  However, if the amount of winnings is less than the Standard Deduction for your filing status you will not owe any taxes on that income.  Assuming that is your Only income received in 2023.

 

Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older

Hal_Al
Level 15

I don't have a job so I don't need to file a return but I do have gambling winnings to claim. How does this work?

Q.  I don't have a job so I don't need to file a return but I do have gambling winnings to claim. How does this work?

A, The requirement to file a tax return is based on total income, from all sources, not just a job. So if your gambling winnings (plus any other income) is more than $13,850 (for single filers), you are required to file a tax return. 

 

That assumes that you cannot be claimed as a dependent, by someone else.  Someone who can be claimed as a dependent has a $1250* income filing threshold, whether or not they are actually claimed as a dependent.  

 

*The actual rule is $1250 or your earned income plus $400, whichever is more.  Gambling winnings are not earned incomes, so the $1250 would apply. 

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