tax

Keeping Pace posts tagged "tax"

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

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

NTRA Staying Busy in Washington

While the Triple Crown races are approaching beginning with the Kentucky Derby Presented by Yum! Brands (G1) in Louisville, Ky., the National Thoroughbred Racing Association continues a busy stretch in Washington putting the industry's message forward on immigration and tax issues. The political mood on immigration issues may be too steep a challenge for horse racing and other industries that want... Read More

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