Legislation seeks to increase tax threshold for slot winnings

A bipartisan bill now aims to raise the tax threshold of slot machine winnings from $1,200 to $5,000 The bill, sponsored by Representative Guy

Since 2022, Titus and Reschenthaler have pushed federal legislation called the Shifting Limits on Thresholds Act The SLOT Act

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slot machine illustration “Updating an outdated gaming regulation is not just a priority for my My bill, the SLOT Act, and the IRS Advisory Council's recent