Upcoming tax changes
More Taxes on Gambling
The law limits wagering losses to 90 percent of the loss and only to the extent of the gains from the transactions. Previously, up to 100% was allowed. This will make gamblers pay more taxes when they win.
Upcoming tax changes
The law limits wagering losses to 90 percent of the loss and only to the extent of the gains from the transactions. Previously, up to 100% was allowed. This will make gamblers pay more taxes when they win.