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
Colorado Governor Signals He’ll Commute Sentence of Election Denier
Pressured by President Trump, Gov. Jared Polis said he...
High Turnout, Unusual Coalitions: Lessons From the Texas Primary
Talarico’s victory got a lot of attention, but Cornyn’s...
Live Updates: No Letup in Strikes on Iran, U.S. Says, as Mideast Crisis Widens
American officials said the bombing campaign against Iran was...
INDYCAR, NASCAR Drivers Pick All-Time Favorites From Opposite Series
Ask the current field of INDYCAR drivers who their...