As the crisp New Hampshire fall approaches, bringing with it football season and weekend casino trips, there’s a new tax rule on the horizon that might change how you think about your next bet.
The gambling world is on tilt this week after an updated section of the Senate's 940-page version of the bill limited the amount of money that gamblers can deduct from their winnings to a maximum of ...
When mutual fund managers make trades within a fund, even if individual investors never sell a single share, investors are often hit with surprise capital gains taxes. That means they’re taxed on ...
Travis Gettys is a senior editor for Raw Story based in northern Kentucky. He previously worked as a web editor for WLWT-TV and a contributing writer for the Kentucky Enquirer, and he also wrote for ...
The IRS confirmed slot-win reporting will rise to $2,000 in 2026, but a new law cutting loss deductions to 90% continues to alarm gamblers and casinos. The sweeping One Big Beautiful Bill (OBBB) ...
Efforts to roll back the gambling tax provision in the One Big Beautiful Bill Act received additional bipartisan support. Rep. Dina Titus, D-NV, announced that Rep. Tom Cole, R-OK, became a co-sponsor ...
Many Americans who buy health insurance on the Affordable Care Act marketplace will lose premium tax credits in 2026 unless Congress acts. The subsidies are expected to expire at the end of the year, ...
Tax experts say the company could easily eliminate these phantom tax obligations. That would boost Apple’s profits for the past three years by as much $10.5 billion, according to calculations by The ...
An obscure provision tucked into the Republican megabill could wipe out professional gamblers and drive many bettors back into illegal operations. Lawmakers, professional poker players and sports ...