*PHILADELPHIA – Legendary Philadelphia International Records co-founders and R&B pioneers Kenneth Gamble & Leon Huff released the following joint statement today as they mourned the passing this ...

IRS proposed rules would implement OBBBA’s 90% gambling loss cap, taxing some gamblers on income they never actually kept.

Add Yahoo as a preferred source to see more of our stories on Google. Charles Barkley is known to have a certain affinity for gambling. While that is true, some might not realize the full extent of it ...

A new tax cap on gambling loss deductions could raise costs for high rollers and shift bettors toward prediction markets and unregulated alternatives. The "Big Beautiful Bill" limits gambling loss ...

The ink is barely dry on President Donald Trump’s sweeping new tax law. But a debate is already underway over a gambling provision that could reshape how millions of U.S. gamblers are taxed on their ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Public Law No. 119-21, 139 Stat. 72 (2025) — known as the One Big Beautiful Bill Act — introduces a change to the treatment of gambling losses under the Internal Revenue Code. Gamblers could deduct up ...

Congressional gridlock and a federal shutdown stall efforts to restore full gambling loss tax deductions before 2026. Wednesday’s federal government shutdown has become Congress’ No. 1 priority, ...

A practical guide to win, loss and session time limits to help players learn the best strategy for casino bankroll management when playing the best online casinos.