You may have heard that the IRS is thinking of raising the reporting threshold for slot jackpots. But even if they don’t, the Handpay Reduction Act being could raise the reporting limit anyway. Representatives Dina Titus of Nevada and Guy Reschenthaler of Pennsylvania have brought forth a bill which would mandate a change if the IRS failed to act on the matter. Titus has been advocating for this regulatory change, introducing bills in 2020 and 2022, albeit without advancing past the committee stage. Recent developments, however, seem to suggest that pushing the Handpay Reduction Act may be unnecessary. In November,…
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