Monthly Archives - January 2019

[IMAGE] This Year's Big Game Expected to Set Betting Record

This Year’s Big Game Expected to Set Betting Record

After some of the closest NFL Conference Championship games to date – with both going into overtime – the stage is set for this year’s big game: the New England Patriots will take on the Los Angeles Rams next Sunday in Atlanta. The biggest football game of the year draws hundreds of millions of viewers and multimillion-dollar ad buys, but that’s not all. From point spreads to prop bets to office pools, the ways one can bet on the [...]

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[IMAGE] Tax Season is Upon Us: Can Gambling Losses Be Deducted?

Tax Season is Upon Us: Can Gambling Losses Be Deducted?

It’s that time of year again: tax filing season. While gathering your receipts, W-2s, and 1099s, you may wonder what income and expenses you have to report, what you can deduct, and what may be different this year. You are not alone. The biggest tax reform legislation in more than 30 years became effective on January 1, 2018, making this the first filing season to incorporate the sweeping changes.1 As always, you should consult a tax professional about your specific situation. [...]

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