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.
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.
for all personal tax returns completed before March 9.