Does Social Security Treat Gambling Winnings As Income For An Individual 65 Years Old That Is Collecting Monthly Social Security Benefits?


1 Answers

Deemarcas Day Profile
Deemarcas Day answered
Probably, since they do on younger taxpayers. This is an area where I would think about the "don't ask, don't tell" policy. If you are still filing, there'll be a line for gambling winnings.  If it's just a small amount, I don't think they care, but if it's above, $600 seems to somehow come to mind, they probably do.  I'm not sure on the amount, so I'd ask someone more knowledgeable, like an accountant.

Answer Question