The Nevada legislator remains optimistic about restoring full tax deductions for gambling losses this year Rep. Dina Titus of Nevada is championing a legislative push to protect professional gamblers and poker players from new tax burdens introduced under recent federal law. Her proposed legislation, known as the FAIR BET Act, seeks to reinstate the full
An attempt to make changes to the tax structure included in the bill continues to fail Efforts to roll back a controversial tax change affecting gamblers hit another wall this week, leaving poker players and other bettors still facing an uphill fight. Lawmakers attempted to restore the full deduction for gambling losses but failed to
Several figures in the poker world have criticized the tax change Poker Hall of Famer Erik Seidel has raised concerns that a new US gambling tax rule could push him toward scaling back, or even stepping away from, tournament poker. The longtime pro says the change creates financial pressure that makes high-level play far less
So far, efforts to protect gamblers from the major tax overhaul aren’t going well Efforts to reverse a controversial tax change affecting professional gamblers hit a roadblock yesterday when Senate Republicans blocked a Democratic-led proposal aimed at restoring full gambling loss deductions. Senator Catherine Cortez Masto of Nevada sought unanimous consent for the measure, but
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