Why you should report your Fantasy Football income to the IRS

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Why you should report your Fantasy Football income to the IRS
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If you're making at least $600 from Fantasy Football, the IRS wants to know about it – and you should tell them

In the past, winnings from your Fantasy Football league may have been fine to leave off of your tax return, but, starting in 2022, the IRS is paying closer attention to how much you make from your bets.

"Loan providers want to see copies of your tax returns, and if you're understating income, you're hurting yourself because you're not really showing all of your income," Bronnenkant said. It takes at least 40 credits to qualify for Social Security benefits. But, it's all about"the average of your earnings over your working years" when it comes to determining the amount of your monthly payments.

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