In recent years, side jobs have become a popular way for people to supplement their income or even start their own businesses. While side jobs can be a great way to earn extra money, it's important to remember that the…
Matthew RusselJune 30, 2025
You've probably heard the common statement that "half your salary goes to taxes." But is this really true? The truth is, the amount of taxes an individual pays depends on a variety of factors, including their income, deductions, and credits.…
Matthew RusselJune 28, 2025
As the thrill of gambling transcends generations, many seniors find themselves engaged in various forms of games of chance, hoping to strike a stroke of luck and win enticing prizes. While the excitement of winning a non-cash gambling prize can…
Matthew RusselJune 28, 2025
The question of whether gambling winnings count as earned income is a topic that holds significance for individuals navigating the complexities of tax regulations. In the realm of personal finance, the classification of income is pivotal in understanding tax implications…
Matthew RusselJune 27, 2025
Understanding the tax implications of game show winnings is crucial for individuals seeking fortune on both sides of the Canada-US border. As game shows continue to captivate audiences with the promise of substantial prizes, contestants find themselves navigating a complex…
Matthew RusselJune 26, 2025
Gambling, a popular recreational activity, often yields substantial winnings for individuals engaged in various forms of betting, gaming, or lotteries. As with any form of income, the United States tax system regulates the taxation of gambling winnings. Social Security and…
Matthew RusselJune 26, 2025
Winning the lottery is a dream shared by many, a moment that promises life-changing financial freedom and endless possibilities. However, amidst the excitement and euphoria that comes with a winning ticket, there's a sobering reality that all lottery winners must…
Matthew RusselJune 25, 2025
