NTRA: Cautious Optimism on Getting Gambling Loss Deduction Restored to 100%, Possibly Retroactively for ’25 Tax Year
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Tom Rooney, the president and chief executive officer of the National Thoroughbred Racing Association (NTRA), said Wednesday that the focus of his organization's current lobbying efforts in Congress is getting a recently enacted tax law reversed so horse race bettors can go back to deducting 100% of their gambling losses instead of the 90% that
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