The Internal Revenue Service (IRS) has announced major revisions to the U.S. tax code following the passage of the One, Big, ...
Tax season is arriving with more than the usual forms and deadlines. The Internal Revenue Service is rolling out structural ...
New 2026 gambling tax limits loss deductions to 90%, raising taxes for bettors. Learn how Congress is responding and what ...
Under the current rule, individuals can only deduct up to 90% of their gambling losses, creating a scenario where they are ...