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V
vdcalhoun
August 31, 2022
Question

gambling wins

  • August 31, 2022
  • 1 reply
  • 0 views

I have significant gambling winnings this year.  They did not hold out federal taxes when paying.  I am not able to itemize.  Should I pay a quarterly tax payment for this.  

    1 reply

    John-H2021
    John-H2021
    August 31, 2022

    Hello

    Yes I would advise making quarterly payments so you don't get hit with a large balance due and penalties at the end of the year.

    You can make them online at https://www.irs.gov/payments

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