The IRS is FINALLY upping the threshold for taxing slot wins! The new number? $2,000
WTF???
It's been $1,200 since the 70s!
In 1976, you paid $10,000 for a fully loaded Cadillac.
Tax threshold should be at least $5,000.
www.reviewjournal.com
WTF???
It's been $1,200 since the 70s!
In 1976, you paid $10,000 for a fully loaded Cadillac.
Tax threshold should be at least $5,000.
IRS confirms $2K slot jackpot threshold begins in ‘26
A long-awaited update to slot jackpot tax reporting included in the One Big Beautiful Bill Act will take effect in 2026, the Internal Revenue Service confirmed this week.
www.reviewjournal.com
