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. Taxation, Gambling, Horse Racing, Agriculture and Farming, Keeneland Race Course, National Thoroughbred Racing Assn, Kentucky Read More
How a Trump Tax Break Rescued Horse Racing
