CONTACT US
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Timothy A. Steele
Investment Advisor Representative
Vantage Financial Group
164 Maple Street, Suite 1
Auburn, CA 95603
Cell: 916-559-1025
Fax: 530-820-1890
Email: tim@vantageauburn.com
November/December 2025
Surprise - It's Taxable!
It's almost that time of year when you and the IRS must settle what you owe — or what the government owes you. Before you prepare your tax return, consider whether you'll need to include any of the taxable items listed below.
- Social Security benefits
- Unemployment benefits
- Portion of a scholarship that covers expenses other than tuition, fees, and books (e.g., room and board, travel, etc.)
- Canceled debt from credit cards, car loans and mortgages (Student loan debt is exempt.)
- Honors with cash prizes
- Certain alimony payments
- Gambling winnings (lotteries, horse racing, casinos, sports betting, etc.) Some losses are deductible.
- Gifts from an employer that reward an employee for services or help promote the company
- Found property
- Bartered property or services in lieu of cash
Consult your team of advisors to determine which items you should include when preparing your income tax return.
Advisory services are offered through Vantage Financial Group, a Registered Investment Advisor in the State of California.
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