[vpFREE] Jean Scott's Frugal Vegas LVA BLOG - 22 DEC 2017

 

Jean Scott's Frugal Vegas LVA BLOG - 22 DEC 2017

Gamblers Ask About New Tax Law

https://www.lasvegasadvisor.com/frugal-vegas/gamblers-ask-about-new-tax-law/

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https://www.lasvegasadvisor.com/frugal-vegas/gamblers-ask-about-new-tax-law/</a>

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Re: [vpFREE] Possible tax changes

 

Since gambling losses are not subject to the 2% AGI floor, they are still allowed under the new law.

The problem for many folks will be the much higher $24,000 standard deduction if married, $12,000 if single. If you need to deduct losses, you will miss out on this higher standard deduction. Given that state and local taxes are limited to $10,000, this is likely to be a hidden tax on gambling for many people.

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Posted by: onetime7500@yahoo.com
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Have you tried the highest rated email app?
With 4.5 stars in iTunes, the Yahoo Mail app is the highest rated email app on the market. What are you waiting for? Now you can access all your inboxes (Gmail, Outlook, AOL and more) in one place. Never delete an email again with 1000GB of free cloud storage.

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