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Do You Have to Pay Taxes on Car Giveaways You Win?

Winning a car is an unforgettable moment, but before you hit the road, there’s something important you need to consider: taxes. That’s right—just because the car is free doesn’t mean it’s entirely cost-free. In the United States, the IRS considers prizes won through sweepstakes or giveaways as taxable income. So, if you win a car worth $

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