If you live in the United States it is important to know that if you win sweepstakes prizes, you need to declare them on your taxes. The IRS will expect you to declare your sweepstakes taxes on your 1040 form, even non-monetary sweepstakes prizes should be declared on...

You’ve probably heard various terms for a ‘giveaway’ including sweepstakes, contest, and lottery. You might be inclined to think of those interchangeably, however there are distinct differences between them. On the surface level, they all give people chances to win...

Sweepstakes and contests have been around for a very long time. The term “sweepstakes” dates all the way back to the 15th century! The term was created in reference to a common game where everyone placed in a “stake” and the winner thus “swept,” aka won, the stakes....