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All Posts Term: March Madness
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Winning The March Madness Office Pool Leads to Tax Liability

MarchMadness

Winning the office pool this March for the NCAA Tournament is something that needs to be claimed on your taxes as a gambling win. Luckily you can offset the win with any gambling loses that you had during the year. Keep track of your loses so you do not need to pay taxes this year on the gain. Winning the brackets is never easy but in case you have the best one in your office, keep some things in mind.

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