Legal Resources

Tax Reform Frequently Asked Questions

Why is the gambling loss deduction being repealed?

  • Gambling occurred in Ohio for many years in the form of horseracing ¬†and there has been no deduction for losses.
  • The deduction was passed by the previous General Assembly, and will not be effective until filing of Tax Year 2013 tax returns. No one is losing a deduction they have taken in the past.
  • The current law would include gambling losses incurred in other states. Why should Ohioans subsidize out-of-state activity?