Are gambling losses an allowable subtraction?

are lottery tickets tax deductible
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Gamblinglottery winnings are subject to Michigan individual income tax to the extent that they are included in your adjusted gross income For 2020 and

scratch offs and money you lose at the casino are all tax deductible but only up to your

are home poker games legal But where the prize is of a holiday or tickets to sporting or other events, input tax is not deductible by virtue of the business entertainment rules Should

are you more likely to win lottery with lucky dip Gambling losses are indeed tax deductible, but only to the extent of your winnings and requires you to report all the money you win as taxable