3 天之前 · The SLOT (Shifting Limits on Thresholds) Act would raise the slot machine IRS reporting threshold to $5,000 and index it to inflation in perpetuity. (The threshold would be rounded to the nearest hundred dollars , to prevent it from being a number like $5,168.13.)

2022年3月3日 · While that IRS reporting threshold is $5,000 for poker tournaments, it’s a much lower $1,200 for slot machine earnings. If they’re both a form of gambling, why the discrepancy? Largely because the slot machine threshold hasn’t been changed since June …

2025年3月18日 · The SLOT Act would increase the tax reporting threshold for slot jackpots to $5,000 and provide a mechanism for future increases based on inflation. This ease operational and paperwork burdens on casinos and their patrons and enable the IRS to focus on filers most likely to have net slot winnings and owe taxes at the end of the year.

This bill provides that no tax information return for winnings from one slot machine play shall be required unless the winnings are at least $5,000 (without reduction for the amount wagered). This threshold amount is adjusted for inflation for calendar years beginning after 2023.

3 天之前 · In a bid to modernize outdated tax regulations in the gaming sector, Congresswoman Dina Titus (D-NV) and Congressman Guy Reschenthaler (R-PA), co-chairs of the bipartisan Congressional Gaming Caucus, have reintroduced the Shifting Limits on Thresholds (SLOT) Act.This proposed legislation seeks to raise the reporting threshold for winnings on slot machines from $1,200 to $5,000 and index it to ...

2025年3月10日 · Last year she and Reschenthaler introduced the Shifting Limits on Thresholds (SLOT) Act in an effort to force the matter. The bill calls for raising the tax threshold for slot winnings from $1,200 to $5,000.

1 slot machine play unless the winnings from one such 2 play are at least $5,000 (without reduction for the 3 amount wagered). 4 ‘‘(2) INFLATION ADJUSTMENT.—In the case of 5 payments in any calendar year beginning after 2023, 6 the $5,000 amount in paragraph (1) shall be in-7 creased by an amount equal to—

2023年5月5日 · Washington, DC – Today Congresswoman Dina Titus (D-NV) and Congressman Guy Reschenthaler (R-PA), Co-Chairs of the bipartisan Congressional Gaming Caucus, reintroduced the Shifting Limits on Thresholds (SLOT) Act, legislation that would update the nearly 50-year-old reporting threshold for slot machine winnings by raising it from $1,200 to ...

2024年5月14日 · Under the current federal rule, a payer or casino must provide a slots player with a W-2G form when they win $1,200 or more on a slot machine. The jackpot threshold has remained at $1,200 since...

2024年5月29日 · Last week, there was a report that the Internal Revenue Service Advisory Council recommended to IRS Commissioner Danny Werfel that the current amount required to trigger preparation of a W2G form...