It’s tax time once again and it’s the right time to take a look back on your earnings in year 2013 and report them in tax return. These are the earnings which is in addition to your regular payroll payments or business payments. Even the gains you made while playing online poker or, through any other means which can be termed as gambling.
As per a 2009 study nearly 6.8% of adult population in this country play online poker. Some for fun some for earning money. The win from such activity is taxable, regardless of the state you are living in. More over the taxation on such win is based on honor system. The winning casino will not report your income to IRS. You’ll need to proactively declare that in your tax return.