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BloodHorse.com Articles for "Fiscal Cliff"

Horse Owners Protected in Tax Legislation

Recent tax legislation reinstated an important business investment incentive and substantially increased another incentive program for Thoroughbred owners and breeders and farm owners.

 Thursday, January 03, 2013

No Tax Code Changes on Gambling Deductions

Following targeted lobbying from the NTRA, "Fiscal Cliff" legislation passed Jan. 1 by both the U.S. Senate and House of Representatives contained language that exempts wagering losses from limitaton on itemized deductions.

 Wednesday, January 02, 2013