Owners spent nearly $1.5 billion last year on racehorses, a big increase over 2024. A new tax provision allows them to immediately deduct the full cost of the purchase.Owners spent nearly $1.5 billion last year on racehorses, a big increase over 2024. A new tax provision allows them to immediately deduct the full cost of the purchase.
How a Trump Tax Break Rescued Horse Racing
Date:
More like thisRelated
More Renters Are Using Tools to Skip Security Deposits, but There’s a Catch
Third-party services charge fees to help renters bypass some...
Anthropic’s Call for A.I. Nonproliferation
The artificial intelligence giant said a “brake pedal” was...
With Jobs Market Stable, Fed Is Focusing on Inflation Over Rate Cuts
Officials at the Federal Reserve have turned their focus...
Canada vs Ireland: How to Watch, Prediction, Odds, Friendly Preview
Canada and Ireland will face off in an international...