Will gambling winnings affect Social Security?

[kayode10]

Some of the gambling company require people to play lottery on ticket and the money will be deducted from the winnings. Social security is one of the things a person need to do most things in United States.

One of the questions I want to ask you guys is that Will gambling winnings affect my Social Security? I will be glad if anyone here can explain this for me totally in the comment section below.

 

[Crazy_winner]

If you receive Social Security benefits and have gambling winnings, you may be required to include those winnings in your overall income when filing your taxes. The reporting requirements differ depending on the type of benefit, your age, and your overall income.

 

[James108]

Gambling winnings can affect your Social Security benefits. This is because your Social Security benefits are based on your average earnings over your working lifetime. If you have a large gambling win, it can increase your average earnings and therefore reduce your Social Security benefits.