IRS Publication 525 — Taxable and Nontaxable Income
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“Gambling winnings. Y ou must include your gambling winnings in your income on Schedule 1 (Form 1040), line 8b. Winnings from fantasy sports leagues are gambling winnings.”
Except for Roth contributions, your employer’s contributions to a qualified retirement plan for you aren’t included in income at the time contributed. (Your employer can tell you whether 8 Publication 525 (2025)
your retirement plan is qualified.) However, the cost of life insurance coverage included in the plan may have to be included.
If your employer pays into a nonqualified plan for you, you must generally include the contributions in your income as wages for the tax year in which the contributions are made. However, if your interest in the plan isn’t transferable or is subject to a substantial risk of forfeiture (you have a good chance of losing it) at the time of the contribution, you don’t have to include the value of your interest in your income until it’s transferable or is no longer subject to a substantial risk of forfeiture.
Tip: For information on distributions from retirement plans, see Pub. 575 (or Pub. 721 if you’re a federal employee or retiree).
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