<prompt> Human: Hey there PF! So I recently got married in Las Vegas. The day before I was playing a slot machine and won 5000. I was given a W-2G at the casino. From what I understand I will be paying 25, or 1250 in taxes. What are my options? Can I save losing lottery tickets to negate the taxes? I live in Florida, usually use Turbo Tax, and make less than 40kyear. Im also a student paying out of pocket for school. Let me know if there is any more information needed. Thanks PF!  <response>: If you make less than 40K, you wont be paying 25 in taxes on your casino win. Youre likely in the 15 tax bracket. The win increases your tax by 750. If the casino withheld 25, make sure you include that 1250 figure you find in box 4 on W-2G on your 1040 line 64, so that you get 500 refunded or tax due reduced by 500. Report the income on 1040 line 21 as other.If the casino did not withhold anything you actually got 5000, then the increase in income will change your tax by 750. 