deduction

Thayer: Tax Law Fix on Gambling Winnings a "Heavy Lift"

• 18 Mar 2019 5:17 PM
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In a change that never should have occurred in the first place, Kentucky lawmakers eliminated the ability of gamblers to claim losses up to the amount of their winnings for tax year 2018 as part of a major tax reform that aimed to simplify the code by eliminating many deductions. While one certainly can question why Kentucky lawmakers would have stopped allowing gambling losses to be claimed against... Read More