By Mail User on Sunday, 20 July 2025
Category: Last 200

[Derby] some bad news for big gamblers in the big bill

Info from law firm details how the big bill reduces the amount of losing
wagers that can be deducted from income tax.

No longer 100%, going down to 90%.

Might be changes to W-2Gs also.

CBO estimates this provision will suck $1 billion out of gamblers'
pockets in the next 10 years.

https://frostbrowntodd.com/one-big-beautiful-bill-sports-betters-and-gamblers-might-disagree/

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