🔥 Gambling Taxes � Complete Guide to Online Betting

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Find out how the new tax law has broadened the definition of gambling losses so that you can make the proper deductions on your 2018 return.


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If you gamble, you may be able to save some money at tax time by taking the deduction for gambling or wagering losses.


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After all, you can deduct your gambling losses for taxes 2020 bets.
It is true that Uncle Sam helps you limit any tax bill on gambling payouts by allowing you to offset your winnings with your gambling losses.
Do the math to make sure.
You cannot deduct more than you won.
And excess gambling losses cannot be carried forward to future tax years.
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