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If you won any money from Super Bowl betting, make sure you report it to the IRS

If you won any money from Super Bowl betting, make sure you report it to the IRS
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NASHVILLE, Tenn. (WTVF) — If you are one of the millions who placed a bet on the Super Bowl, and you won some money, you're going to have to report those winnings to the IRS!

I just heard about this and did some research so you don't get stuck when tax day comes in 2025.

Generally, if you win more than $600 the place you won it will send you a W-2 G-Form.

In Tennessee, there is no state income tax. So, you won't need to pay state taxes.

However, you'll need to pay federal taxes!

Experts say you can deduct gambling losses, but you need to itemize them on a 'Schedule A' -- which is a 1040 form.

This year's Super Bowl winnings or losses would need to be reported for next tax season, since the game was in 2024.

You'll want to keep records and get a tax professional's help if you get stuck.

Woman earns college diploma after finding stability at Nashville's Strobel House

Talk about a hand-up that can change lives! This story that highlights Strobel House resident Johnnie Williams will remind you that there are services that can change an entire world for one person. After she found stable housing, she was able to graduate with a medical assistant diploma and a 4.0 GPA. Bravo Johnnie and bravo Strobel House!

- Rebecca Schleicher