Our members are dedicated to PASSION and PURPOSE without drama!

Hand Pay W2-G Reporting Raised to $2,000.00

Started by alrelax, Today at 02:25:57 AM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

Print
Go Down Pages1
User actions

alrelax

Today at 02:25:57 AM
An element of the OBBBA that hasn't garnered nearly the same media coverage as it relates to the gaming industry is "Section 70433 C — Application to Reporting on Remuneration for Services."

The text increases the tax reporting threshold on gambling winnings to $2,000.
The minimum win amount to initiate a W-2G form becomes effective Jan. 1, 2026. It is then increased annually based on inflation.


https://www.casino.org/news/one-big-beautiful-bill-has-silver-lining-for-gamblers/
My Blog within BetSelection Board: https://betselection.cc/index.php?board=250.0

Played well over 37,120 shoes of baccarat since I started playing at B&M USA casinos.

THE PURPOSE OF GAMING IS TO WIN!

"Don't say it's a winning hand until you are getting paid for it".

Played numerous properties in Las Vegas, Reno, Southern California, Atlantic City, Connecticut, South Florida, The South/Southeast as well as most areas of The Midwest.

Baccarat, actually a mixture of Watergate, attacking the Gotti Family and the famous ear biting Tyson fight leading to disqualification and a near riot.  Bac has all that & more.
 
Administrator & Forum Board Owner  of  BetSelection.cc
EMAIL: Betselectionboard@Gmail.Com
Print
Go Up Pages1
User actions