As the crisp New Hampshire fall approaches, bringing with it football season and weekend casino trips, there’s a new tax rule on the horizon that might change how you think about your next bet.

The gambling world is on tilt this week after an updated section of the Senate's 940-page version of the bill limited the amount of money that gamblers can deduct from their winnings to a maximum of ...

When mutual fund managers make trades within a fund, even if individual investors never sell a single share, investors are often hit with surprise capital gains taxes. That means they’re taxed on ...

Travis Gettys is a senior editor for Raw Story based in northern Kentucky. He previously worked as a web editor for WLWT-TV and a contributing writer for the Kentucky Enquirer, and he also wrote for ...

High-stakes gamblers took a loss on Capitol Hill when the bid in the House of Representatives to fully restore the federal tax deduction for gambling losses failed. That development left in place a ...

Tax experts say the company could easily eliminate these phantom tax obligations. That would boost Apple’s profits for the past three years by as much $10.5 billion, according to calculations by The ...

Efforts to roll back the gambling tax provision in the One Big Beautiful Bill Act received additional bipartisan support. Rep. Dina Titus, D-NV, announced that Rep. Tom Cole, R-OK, became a co-sponsor ...

The sweeping One Big Beautiful Bill (OBBB) signed into law this year altered two key components of the gambling-related tax code. Key Takeaways The IRS confirmed the slot-win reporting threshold will ...

An obscure provision tucked into the Republican megabill could wipe out professional gamblers and drive many bettors back into illegal operations. Lawmakers, professional poker players and sports ...