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Vacation Sweepstakes Tax

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Finally realized your lifelong dream of being a winning contestant on The Price Is Right? Before you celebrate, keep in mind that the value of all contest winnings is taxed at the same rate as income earned from working. Vacation prizes are subject to additional taxes, too, like the port tax for cruises and room taxes for hotel stays.

America's Strangest Taxes

Vacation Sweepstakes Tax

Finally realized your lifelong dream of being a winning contestant on The Price Is Right? Before you celebrate, keep in mind that the value of all contest winnings is taxed at the same rate as income earned from working. Vacation prizes are subject to additional taxes, too, like the port tax for cruises and room taxes for hotel stays.

iStockphoto

America's Strangest Taxes

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