How do SS payments change when you are getting W2G's? They are not figured into the formula for determining how much a person receives for their SS benefit unless you file as a business, ie, professional gambler. Are you also working?
I know AGI affects people who get W2G's, but I've never heard of that making a $4000 win translate it into costing them anything net.
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From: "lfcmja@verizon.net"
I recently turned 65 and saw my SS benefits drop in spite of the recent cola increase, due to a higher AGI caused by my casino W2G's.
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