Placing a Super Bowl bet? Don’t let a big win turn into a tax nightmare! The IRS taxes all gambling winnings—even your friendly office pool. If you win $600+ at a sportsbook, expect a W-2G form and a tax bill. Even casual Venmo bets with friends can raise red flags. Keep records, label transfers, and set aside 10-20% for taxes. Starting 2026, you can only deduct 90% of losses, so even breaking even could cost you. Bet smart! #News #SuperBowl #TaxTips