How a Trump Tax Break Rescued Horse Racing
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. [Source]
Publication Date:Origin: nytimes.com
Category: Taxation
Topics: purchase, deduct, immediately, allows, provision, increase, racehorses, billion, nearly, spent, Owners, Racing, Horse, Rescued, Break, Trump
Source: https://www.nytimes.com/2026/02/16/business/trump-taxes-horse-racing.html