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10 Things Game Shows Won't Tell You - MarketWatch Jan 17, 2011 · Non-cash prizes -- from cars and vacations to computers or a year's supply of pudding – are considered income, which means winners will pay taxes on the value. North Haven resident wins cash, prize on ‘Wheel of Fortune A North Haven resident who also is a student at Albertus Magnus College , along with her friend, won more than $21,000 during an appearance on Wheel of Fortune Monday. Ashley Petrillo, “has been
Winning is great, but game show prizes generally come with hefty costs. And sometimes the tax has to be paid immediately or you forfeit the prize. Before you go on that game show or enter a contest, find out what the tax implications are so you don’t end up regretting your big win. How Winning Really Works On Wheel Of Fortune - CINEMABLEND Subscribe To How Winning Really Works On Wheel Of Fortune Updates ... Most people probably think that winning on a game show like Wheel of Fortune ... They have to pay the taxes on those prizes as ...