It’s March Madness time! That means fantasy sports games related to the NCAA basketball tournament are hitting high gear.
A new men’s NCAA basketball champ will be crowned on April 6. Also that day thousands of folks will cash in on their office betting pools. Now just don’t forget about the taxes.
Busted bracket? If you’re a Capital One cardholder, you can still win big.
If your brackets pay off, remember that those gambling winnings are taxable income.
Gambling winnings you collect during March Madness, even as part of your office pool, are taxable income.