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Open for CommentIRS· Internal Revenue ServiceProposed RuleIRS-2026-0463

Extension and Modification of Limitation on Wagering Losses: Increase in Threshold for Requiring Information Reporting with Respect to Certain Payees

Introduced April 17, 2026Comment period ends June 17, 2026View on regulations.gov ↗
💬 Closes in 12 daysDeadline: Jun 17, 2026

What This Means

The IRS appears to be modifying tax reporting requirements for gambling losses and raising the threshold for information reporting. This would likely simplify compliance for certain taxpayers.

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Details

TypeFederal Regulation
AgencyIRS · Internal Revenue Service
DocketIRS-2026-0463
Regulations.gov IDIRS-2026-0463-0001
IntroducedApril 17, 2026
Comment DeadlineJune 17, 2026

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