CPAs in Las Vegas specializing in gambling taxation. Visit http://t.co/Eb6WRiKMvd or call 702-433-7075 for more information.
Las Vegas, Nevada
Joined June 2013
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KondlerCPA retweeted
Finally, after 14 months of uncertainty, my fix to restore the 100% tax deduction for gambling losses has been passed out of committee.
I was the first Member of Congress to recognize this injustice when I introduced my provision to correct it on July 7, 2025. Since then, I have amplified this issue nationally and brought it to the attention of my colleagues, including members of @WaysandMeansGOP.
Now it is time for us to push this commonsense solution to the House floor, to the Senate, and finally to the President’s desk. I won’t stop fighting until we get this over the finish line.
KondlerCPA retweeted
Breaking: the big tax bill with a provision to repeal the 90% cap on gambling losses was just overwhelmingly voted through, with bipartisan support, to the House Rules Committee. It’s a technical step before it goes to the House floor for a full vote.
The 90% cap on gambling losses would be repealed retroactive to 1/1/26 as part of the Ways & Means tax bill.
Joint Committee on Taxation estimates a negative impact on revenue of $2 billion from ‘27-36 from this repeal.
The ‘27-34 estimate is $1.5 billion, up 33% from its $1.1 billion estimate during same period.
Wonder if this means estimated tax payments from gamblers were higher than anticipated?
KondlerCPA retweeted
Very pleased to see that my gambling loss tax deduction fix has finally been included in a tax package. I encourage my colleagues to push it through @WaysandMeansGOP this week as quickly as possible.
KondlerCPA retweeted
🗣️ "The gambling industry is looking to face a decline in numbers..."
Gary Kondler from @PokerCPAs breaks down what was discussed at the July 17 hearing covering the 90% gambling loss ruling through the Big Beautiful Bill:
pokernews.com/news/2026/07/k…
Many thanks to @dinatitus for meeting with us today in regards to the BBB. We believe we had a very productive meeting
If a single taxpayer earns 250K on w2 and withheld proper fed tax (meaning they wouldn’t owe or get a refund at year end) triggers 100k of w2gs and broke even for the year, under the new tax bill they would owe an additional $7900 in fed tax, even though no new income was made
Under the new tax proposal for gamblers (limiting losses to 90%) if a retired individual files as an amateur, with 0 outside income, and they trigger 500k of w2gs and break even for the year they will owe $5,700 in federal tax
If the new legislation is passed where 90% of gambling losses are limited,a professional gambler with $120,000 of gambling income (200k wins and 80k losses and no other outside income) will be looking to pay roughly $2,450 more on their federal tax return (2024 tax rates applied)
If the new legislation is passed where 90% of gambling losses are limited, an amateur gambler with $120,000 of gambling income (200k wins and 80k losses and no other outside income) will be looking to pay roughly $2,000 more on their federal tax return (2024 tax rates applied)
Starting tomorrow we will have our tax booth down at @shrpo. Please stop by if you have any questions or need to drop off any tax documents.
Best of luck to everyone in the upcoming @WPT. We will be down at Wynn for a good portion of the series. If you would like to schedule a time to meet please give our office a call to coordinate.
Really want to thank @bet_bash for hosting us this year. We had such an amazing time meeting everyone
Gary Kondler will be presenting a seminar on gambling taxes at @bet_bash at 3pm. Looking forward to seeing everyone there.
Next up for us is @bet_bash on August 7th. Look forward to seeing everyone there.
KondlerCPA retweeted
A reminder that tomorrow at 12;00pm is the deadline to collect any payouts or withdraw from your WSOP Tournament Account.
An appointment will need to be made by contacting [email protected] to collect after tomorrow
Another year in the books. Thank you very much to @WSOP for another amazing year.
Our booth is currently wrapping up. If you need to make an appointment to discuss any tax matters please give us a call at 702-433-7075