If I win multiple radio contest throughout a year and they total to 612 dollars do I get taxed for income?

Other answer:

If that is your only income for the entire year, no.

However, if you already have to file a return due to having other income (ie a job), then any additional income (even $1) must be reported on the return.

it depends on how this impacts your other income, you add this and if the amount exceeds your non taxable income, yes you will owe income taxes
Pascal the Gambler:
It's taxable if you win even one, no matter how small the prize is
No, although if one gives you that or more than yes.

Leave a Reply

Your email address will not be published. Required fields are marked *