Personal Finance Advice and Commentary

Gambling winnings you collect during March Madness, even as part of your office pool, are taxable income.

In the span of four days, we witnessed what was arguably the largest spate of gambling in U.S. history. By the time the Mega Millions lottery numbers were drawn on Friday, March 30, folks hoping for immediate wealth had bought more that 625 million tickets. Three days later when NCAA March Madness wound down with

The ice and snow that this week blanketed two-thirds of the Lone Star State (we got 3/4 of one inch overnight here in usually moderate Austin) tried to upstage Dallas’ big event, but the football gods intervened. The storm system has moved eastward and it looks like Super Bowl XLV will go on without weather worries. Of