Collecting Super Bowl bets and the rest of this week’s tax tips

February 6, 2015

Did you win your Super Bowl bets? Or was you wallet (and heart) crushed by that game-ending, goal line interception?

Sad-Seahawks-fan_Super-Bowl-XLIX-Feb-1-2015

If you're this guy, so sorry. I know how you feel. I am, after all, a Dallas Cowboys fan.

Superman Patriots fans via funny-sports-fans-158

If you're these guys, sorry, too. But I'm sure that your joy was not diminished by the side eye directed at your outfits.

Pay your gambling taxes: Regardless of which team you root for, if any of your National Football League championship game wagers paid off, congratulations.

Now make note that you'll need to report that betting income to the Internal Revenue Service on your 2015 tax return next year.

How to do just that, and possibly lower the amount you share with Uncle Sam, is detailed in one of this week's Daily Tax Tips.

Here's the link to that tip and the full round-up of tax advice for the first work week of February:

  1. Reporting gambling winnings (Monday, Feb. 2, 2015)
  2. Taxable vs. nontaxable income (Tuesday, Feb. 3, 2015)
  3. Standard or itemized deductions? (Wednesday, Feb. 4, 2015)
  4. Using taxes to reduce taxes  (Thursday, Feb. 5, 2015)
  5. 10 often overlooked tax breaks (Friday, Feb. 6, 2015)

Special tax tip pages: These five tax tips kick off the February tax tips page.

If you happen to miss a Monday-through-Friday tax tidbit posted in the upper right corner of the ol' blog's home page or the end of week round-up, the monthly tax tip pages have the details.

January's page is complete. As they arrive, March and April will have their spots, too.

And hang in there pigskin fans.

There are a plenty of NFL off-season events to help fill your football fix. And the NFL Kickoff 2015 Weekend starts on Thursday, Sept. 10.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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