Smart TaxesCOMMENT And the final straw from the IRS is besides the tax owed its not considered earned income so no earned income credit what BS! 1/29/2012 | | ArticleCommentsCOMMENT you are allowed to write off up to the amount won on a federal tax form as a gambling loss...this was not mentioned in the article...not to many people seem to realize this! 12/17/2011 |