News for hackers. Stuff that matters.

A comment on Anatomy of a credit card rewards program. Parent comment

Re:Anatomy of a credit card rewards program by mwexler on Thursday April 04, 2024 @08:47AM (#39929741)
Though one can write off losses from gambling in the US.

I wish the tax code had more a more positive slant per your point, but lobbying seems to be a bigger driver.

[ Parent | on HN ]
Re:Anatomy of a credit card rewards program by ScottEvtuch on Thursday April 04, 2024 @08:54AM (#39929803)
Pretty sure you can only write off gambling losses to offset gambling winnings, which entirely makes sense. That way you only pay taxes on your net winnings for the year.
[ Parent | on HN ]
Re:Anatomy of a credit card rewards program by gosub100 on Thursday April 04, 2024 @10:16AM (#39930704)
I can confirm this.
[ Parent | on HN ]