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Poker Legend Erik Seidel Considers Retirement Over Tax Changes

12/30/2025

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Summary

Story summary

Poker Hall of Famer Erik Seidel may retire due to a federal tax change affecting gambling profits.
Starting in 2026, deductions cap at 90 percent of losses, increasing taxable income.
Nevada lawmakers, including Rep. Dina Titus and Senators Catherine Cortez Masto and Jacky Rosen, push to restore the full deduction.
The effort has bipartisan support for a fix early in 2026.
Some Republicans remain hesitant to amend the tax law.

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Story summary

Poker Hall of Famer Erik Seidel may retire due to a federal tax change affecting gambling profits.
Starting in 2026, deductions cap at 90 percent of losses, increasing taxable income.
Nevada lawmakers, including Rep. Dina Titus and Senators Catherine Cortez Masto and Jacky Rosen, push to restore the full deduction.
The effort has bipartisan support for a fix early in 2026.
Some Republicans remain hesitant to amend the tax law.