I won prizes on a game show how much do i have to pay in taxes?

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I won prizes on a game show how much do i have to pay in taxes?

The prizes were worth approximately $3500.00.

2006-12-05 10:21:12 · 3 answers · asked by Sandra C 1 in Games & Recreation ➔ Other - Games & Recreation

3 answers

it depends on the tax %

2006-12-05 10:24:06 · answer #1 · answered by computer geek 2 · 0⤊ 0⤋

you will have to write it on your tax form as additionally earned income. the actually amount you pay in taxes will depend on your state and your salary income

2006-12-05 19:30:36 · answer #2 · answered by whiteafrican01 3 · 0⤊ 0⤋

they will send you a form most likely. with that you can contact the irs or they for sure will bill you accordingly. why not ask the people who let you win?

2006-12-05 18:29:31 · answer #3 · answered by cadaholic 7 · 0⤊ 0⤋