EVERY MONDAY, NETG BRINGS YOU A GAMBLING POST FROM SOMEONE ELSE FOR YOUR INTEREST, ENTERTAINMENT, AND KNOWLEDGE. WE CALL THIS:
“THE MONDAY LINK”
According to Motley Fool’s Matthew Frankel, “The Tax Cuts and Jobs Act was the biggest overhaul to the U.S. tax code in decades, and it made some significant changes to the tax deductions that are available. Many tax deductions were kept intact, but others were modified, and some were eliminated entirely.”
So, where does this leave gamblers? What changes will impact you the most?
Here is the American Gambling Association’s coverage of the changes.
Read before you do your taxes.