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Slot Tax Reporting Threshold Confusion Emerges - Casino. org Fox explains that the issuance of a W-2G is governed by §3402 (q) of the Tax Code — and that was not changed in the OBBBA Thus, beginning in 2026, a W-2G must still be issued at $1,200
Gambling tax changes in 2026: New 90% loss deduction rule Beginning in 2026, the IRS will only allow up to 90% of gambling losses to be deducted against gambling winnings That means even a break-even year can trigger a taxable gain on paper Example:
IRS releases tax inflation adjustments for tax year 2026, including . . . IR-2025-103, Oct 9, 2025 — The Internal Revenue Service today announced the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes Revenue Procedure 2025-32 provides details about these annual adjustments
Slot Hand Pay Tax Exemption Increases in 2026 Under President Trump’s recent budget proposal, the minimum slot hand pay tax exemption will increase from the current $1200 to $2000 beginning in 2026 It has been since 1977, when the IRS implemented the obligatory hand pay forms that must be filled out when a slot hand results in winnings of $1200 or more
How OBBB’s changes to gaming tax law affect tribal casinos | Wipfli Since 1977, gamblers have been required to report slot machine winnings of $1,200 or more to the IRS Until recently, this limit had remained unchanged for 48 years despite inflation A W-2 G must be completed for a slot jackpot
After 48 Years The Slot Tax Threshold Is Finally Going Up Roughly halfway through the 870-page OBBBA, Section 70433 increases the threshold for reporting jackpot wins on slot machines in land-based casinos For the past half-century or so, casinos have been required to issue a W2-G tax form whenever a patron wins a slot machine jackpot of $1,200 or more
The $600 Payment Threshold: A Guide for 2026 - CPA Solutions The IRS’s $600 reporting threshold has been one of the most debated tax changes in recent years After multiple delays, the rule is now scheduled to take full effect in 2026, reshaping how millions of Americans report income from side gigs, online marketplaces, and digital payment apps Understanding this change is crucial for freelancers, small…