Voluntary Exclusion Program
Those who have gambling problems or who are concerned about their gambling have the option to exclude themselves from the casinos. Once enrolled, voluntarily excluded persons will be prohibited from entering and gambling in any of the state-owned casinos in Kansas, which include Hollywood Casino in Kansas City, Kansas Star Casino in Mulvane, Boot Hill Casino in Dodge City, and Kansas Crossing Casino in Pittsburg. Applicants can enroll in the Voluntary Exclusion Program for two years or for life. Voluntarily excluded persons will be removed from all casino mailing lists and players rewards systems. If voluntarily excluded persons enter a casino and gamble, they must surrender any winnings, gaming chips, or gaming tickets found in their possession. Enrollment in the Voluntary Exclusion Program is free and confidential. For more information about the Voluntary Exclusion Program, please call the Kansas Racing and Gaming Commission at 785-296-5800 or visit their website here.
This information is also available in Spanish and other languages.
Kansas is home to three land-based casinos as well as five Indian-owned casinos. Hosting eight profitable casinos in a state of less than 2.9 million people, the State should not want to discourage its residents from participating in the entertainment.
Oklahoma Gambling Losses
ITEMIZED DEDUCTIONS. Gambling losses can no longer be claimed as an itemized deduction. In addition, Kansas itemized deductions for tax year 2014 are reduced by 35% (except for charitable contributions, which is fully retained). To compute your Kansas itemized deductions, complete P art C of Schedule S. DISABLED ACCESS CREDIT (K-37). That is not kansas correct way to claim your gambling losses. You are required to report your gambling winning whether or not you qualify to deduct your losses. This kansas that if you claim the standard deduction, you are still obligated to report and pay malta gambling license cost on all winnings you earn during the year.
At least that’s what common sense tells me.
If you or someone you know has a gambling problem, help is available. Contact the Problem Gambling Helpline at 800-522-4700; professionals are available 24 hours a day to take your call. Help is available at no-cost to the problem gambler and their concerned others.
Well, the 2013 legislative session in Kansas appeared to lack some common sense when deciding to remove the gambling loss deduction from the state’s personal income tax beginning in 2014, as reported by the Topeka Capital-Journal.
Oklahoma Gambling Losses Taxes 2018
We know the reason for the change. States are hungry for revenue. Removing a so-called “subsidy” for an entertainment activity is an easy political sell.
Oklahoma Gambling Losses Deduction
Regular readers of this blog know the implications. A taxpayer with gambling winnings in Kansas will have to pay the State personal income tax on gross winnings, and cannot even partially offset the winnings via a gambling loss deduction. The result is paying taxes on “phantom” income.
The article mentions that no one came forward in opposition to defend the gambling loss deduction. I’m surprised the local casino lobbyists did not make any fuss.
Kansas Income Tax Gambling Losses
The initial impact won’t be felt until April 2015, when taxpayers in Kansas have a balance due on their 2014 Kansas tax returns due to gambling winnings. All it takes is one unhappy taxpayer to make a large fuss about it. That’s when Kansans could be tempted to travel outside the state to gamble or turn to other forms of entertainment.