WOW.
Just got word that a last minute provision that got passed in the "Big Beautiful Bill" limits total gambling losses to 90% of gambling winnings for both recreational gamblers AND professional gamblers.
This isn't good at all.
taxabletalk.com/2025/07/01/sen…
It brings me a bit of sadness to say that for the first time in 15 years I will be skipping the Main Event of the @wsop this year. My wife is 36 weeks along and some things things are just more important. Good luck to everyone playing its always the poker highlight of my year.