Category Archives: Taxes

A last-minute response to some of the tax questions gamblers have sent me.  Almost all of them required more than a simple one-sentence answer.  Tax issues are always complex and when you combine them with gambling issues they become doubly … Continue reading →

I am getting many questions from casino players who are worried about the tax law changes enacted by Congress at the end of last year and how it might impact how they have to treat gambling reporting on their tax … Continue reading →

An explanation from the American Gaming Association (AGA) from a press release I was e-mailed  – with my comments in [ ]: What Does Federal Tax Reform Mean for Casino Customers? Background Congress recently enacted extensive changes to our nation’s … Continue reading →

Many of you are starting to work on your 2016 tax returns and have questions about how to handle your gambling figures for the year. If you are a new gambler and/or have gotten some W-2Gs for the first time, … Continue reading →

A big thanks for all the recent birthday messages. I feel blessed to be surrounded by so many thoughtful friends and well-wishers. And a big surprise – even the IRS decided to give me something nice for my birthday, new gambling … Continue reading →

I haven’t researched the tax time promotions this year, but Scot Krause has and he has a good list in Gaming Today.  Good job, Scot!   Tax Time Promotions was last modified: April 12th, 2016 by queen of comps

Q:  Does your tax book address the Medicare and Social Security implications of gambling income? I am approaching Medicare age and just recently became aware of the effects of gambling income on Medicare premiums. I believe there are some Social … Continue reading →

It’s that time again, gathering up all the paperwork from the previous year and crunching the numbers. And for 2015, we are facing an unusual situation, for only the 2nd time we have to chalk up a loss. We had … Continue reading →

I have changed my mind – asserting a woman’s prerogative! Recently, when asked about the IRS proposal to lower the figure for W-2Gs on slot wins from $1200 to $600, I wrote the following: Some are suggesting a mass write-in effort … Continue reading →