gambling losses

Government
7:11 am
Mon July 29, 2013

You Won't Be Able To Deduct Your Gambling Losses For Much Longer

Kansas gamblers will still be able to deduct part of their losses on their income tax forms this year, but starting next year that deduction is gone.

Doing away with the little-used gambling deduction was a popular idea among lawmakers during their session.

The bill that included gambling losses cut most deductions by 30 percent for the 2013 calendar year.