IRS Advisory Council may raise W-2G threshold to $5,800
IRS Poised to Raise Slots Jackpot Reporting Minimum - 9th Jul 2026
Handpay Reduction Act?
Reps. Dina Titus (D-NV) and Guy Reschenthaler (R-PA) introduced a bill last year in May that would require such a change if the IRS doesn’t act. Now it seems like passing the law may not be necessary, as the IRS Advisory Council in November recommended upping the floor for wins that require an automatic W2-G filings.
The Nevada Independent revealed on Thursday that an IRS Advisory Council had responded positively to a suggestion from two lawmakers that the Internal Revenue Service up its minimum for reporting slots (or video poker) jackpots from $1,200 to $5,000.
In November, the IRSAC included a provision about the slots threshold issue in its sweeping 230-page public report, suggesting an even higher threshold of $5,800 for slots and video poker wins that require a handpay and subsequent IRS reporting.
If enacted, it would be the first change to this standard since 1977.
It was changed to $2k this past jan
And if they raise it again, I hope it starts Jan 1,2027.
I have my tax planning structured around $2k threshold
Quote: 100xOdds1st change since 1977?
It was changed to $2k this past jan
And if they raise it again, I hope it starts Jan 1,2027.
I have my tax planning structured around $2k threshold
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The article was written in early 2025 and was recently updated. This is stale information. I hit a lot of jackpots of exactly $2500, so I am hoping the inflation adjustment of the current $2000 limit increases to $2600 in a few years.
Quote: ChumpChangehttps://www.casinos.com/us/news/irs-poised-to-raise-slots-jackpot-reporting-minimum
IRS Poised to Raise Slots Jackpot Reporting Minimum - 9th Jul 2026
Handpay Reduction Act?
Reps. Dina Titus (D-NV) and Guy Reschenthaler (R-PA) introduced a bill last year in May that would require such a change if the IRS doesn’t act. Now it seems like passing the law may not be necessary, as the IRS Advisory Council in November recommended upping the floor for wins that require an automatic W2-G filings.
The Nevada Independent revealed on Thursday that an IRS Advisory Council had responded positively to a suggestion from two lawmakers that the Internal Revenue Service up its minimum for reporting slots (or video poker) jackpots from $1,200 to $5,000.
In November, the IRSAC included a provision about the slots threshold issue in its sweeping 230-page public report, suggesting an even higher threshold of $5,800 for slots and video poker wins that require a handpay and subsequent IRS reporting.
If enacted, it would be the first change to this standard since 1977.
link to original post
Not going to happen anytime soon. Personally, I think all play should be tracked and reported.
