Winning a sweepstakes can be exciting, but it’s essential to know how it affects your taxes. The IRS considers most prizes taxable income, meaning you may owe money even if you don’t receive cash as your prize. Learn about your responsibilities and...

Entering sweepstakes can be an exciting hobby, but the lingo can sometimes be confusing, especially for beginners. Knowing the terms commonly used in contests will make it easier to navigate and understand each sweepstakes you enter. Uncover the...

  What Are Sweepstakes Scams?   Sweepstakes scams occur when fraudsters trick people into thinking they've won a prize. The scammers might ask for personal details, bank account information, or even upfront payments before they "release"...