Nevada lawmakers renew push for full federal gambling loss deduction
By The Weekly Edge desk · · Updated
Summary
Nevada lawmakers have renewed efforts to restore the full federal deduction for gambling losses, GamblingNews reported. Representative Steven Horsford called for action over a congressional change that could create tax liabilities for gamblers who break even.
Why it matters
Nevada lawmakers seek to reverse a deduction change that could create federal tax liabilities for gamblers who break even.