Gambling Income Tax Calculator

Basic Version



For Taxpayers with Non-Complex Tax Returns for the 2018 Tax Year


Gambling Winnings and Losses




Other Information









Nota Bene:

This calculator computes only an estimate of the income tax on gambing winnings for individuals with fairly straightforward tax situations. This calculator is not appropriate for individuals who are aged 65 years or more, have dividend or capital gains income, rental property income, self-employment income, farming income, who receive Social Security benefits, or have made contributions to a traditional IRA. Nor is it appropriate for individuals with casualty or theft losses, or investment interest deductions. There is an enhanced version of this calculator which meets the needs of indivduals with such tax situations.

In addition, this calculator does not factor in the impact of gambling winnings on tax credits. Some tax credits, such as the child tax credit, are reduced or eliminated for higher income families. Should gamblings winnings push a family's income beyond the phase-out threshold, then reduced or eliminated tax credits will increase the impact on taxes beyond that from higher taxable income due to the gambling winnings. In those situations, this calculator under-estimates the tax impact of gambling winnings. Furthermore, the alternative minimum tax (AMT) is not accounted for in the computation of the estimated tax. If your tax situation is such that gambling winnings trigger the AMT, this calculator will not detect that or show that additional tax. Nor does this calculator address Net Operating Losses (NOL). If your tax situation includes an NOL, this calculator will not show the reduction in tax.