Claiming Casino Losses on Taxes – A Comprehensive Guide
For many, the allure of the casino can be irresistible. The flashing lights, exciting games, and the possibility of a big win create an adrenaline rush like no other. However, as the saying goes, “what goes up, must come down,” and unfortunately, this can also apply to our financial situation after a gambling session. When Lady Luck isn’t on our side, it’s important to understand how to navigate the murky waters of casino losses when tax season rolls around.