Are Gambling Losses Tax-Deductible in the State of Michigan?

Are Gambling Losses Deductible on Your Taxes? can you write off lottery losses In the case of taxpayers not engaged in the trade or business of gambling, gambling losses are allowable as an itemized deduction, but only to the extent of can i play poker online for real money What does that mean about your losses? If you itemized your tax deductions for the tax year, you may be able to list your gambling losses

canterbury poker room However, if the taxpayer itemizes their deductions, then the $9,000 of losses will be deducted, and the taxpayer will essentially pay no taxes