Trump's Big Beautiful Bill

[Hiker1]

…This is a reckless debt that we are passing on to our children and grandchildren. …

Agree

[olds442jetaway]

Evidently legislation called the Fair Bet Act has been introduced to bring the gambling deduction back to the way it was before the BBB. What happened was the Senate snuck in the 90 percent limitation before the bill was sent back to the House to then be submitted for Trump’s signature. Guess we will have to see how it goes.

[Tedlark]

I just read that the W2-G threshold for casinos has been raised to 2,000.00, up from the current 1,200.00. There is still talk of raising it further.

[dinghy]

I just read that the W2-G threshold for casinos has been raised to 2,000.00, up from the current 1,200.00. There is still talk of raising it further.

I suspect that's fake news. Time will tell.

[dinghy]

Russ Fox says pump the brakes:

https://taxabletalk.com/2025/07/15/did- ... iful-bill/

[Tedlark]

Thank you for your research

[dinghy]

Thank you for your research

Media attention surrounding this stuff could work to our improvement. If they increased 1099s from $600 to 2000, the equivalent increase for slot w2gs would be from $1200 to 4000.

I know people were hoping for 5000, but this (the 1099s) has an inflation-indexing component which is helpful.