Congress created a ‘phantom tax’ on imaginary winnings. It’s time to end the IRS stickup

The Facilitating Useful Loss Limitations to Help Our Unique Service Economy, or FULL HOUSE Act, a bill that would correct an inequitable new gambling provision, has swiftly moved through the House Ways and Means Committee with bipartisan support. The legislation is designed to restore fair tax deductions of 100% of gambling losses against winnings. The […]

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