Reply To: The Tax Man

[Ben RosenthalKeymaster]

It seems I have some watching/reading to do before this tax season.

It sure does help they increased the hand pay threshold to $2,000 from the original $1,200. That won’t help with your original example, unfortunately, but in general.

I spoke to a head of slots—there’s a more official name, but that’s essentially his title—and he said it was something like 85% of hand pays used to fall in the $1,200-$1,999 range at his casino.

I’ve certainly felt that over the past year or so, and I have way less paperwork as a result. So even if I can write off only 90% of those federally—assuming I can find enough gambling losses—that’s a net win overall.