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The Roblox bundle also comes with one month of Xbox Game Pass Ultimate, which grants users access to a huge library of games on both Xbox One and PC. Ultimate includes a subscription to Xbox Live Gold, so you'll have access to this month's free Games With Gold as well. If you want to save some money, you can get your first month of Game Pass Ultimate for $1, then redeem your free month from the Roblox bundle--you won't be charged the full monthly price of $15 until your third month starts.
Some may not know the reach Roblox has, but it's actually one of the biggest games out there today. Earlier this year, Roblox was valued at $4 billion after hitting a huge milestone of 115 million monthly users back in February, making it currently one of the most-played video games.
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With the April 15 tax deadline approaching for Americans, some might be wondering about what they do and do not need to disclose on their Form 1040 as it relates to gaming. The situation just got a little more complicated due to a change by the IRS.
The IRS recently removed wording from its website that said Americans needed to disclose whether or not they received, sold, exchanged, or acquired a financial interest in Fortnite or Roblox virtual currency during the 2019 tax year. Millions of Fortnite and Roblox players would presumably be impacted, as they would need to disclose this as taxable income.
The wording was discovered by Coin Center director Jerry Brito. The IRS removed the language after Bloomberg Tax followed up with the government group, though it has yet to comment officially on the matter.
A spokesperson for Epic Games told Bloomberg Tax that Fortnite's virtual currency, V-Bucks, should not be included as a taxable interest because they cannot be exchanged for money. Roblox, however, allows players to cash out their virtual currency--Robux-- for real money. A spokesperson for developer Roblox Corp. clarified that Roblox users who want to cash out must have IRS forms on file with the developer. The company also reports all payouts to the IRS.