Reset · by Havertown Financial
Betting apps, crypto, side income. Let’s untangle your taxes.
Find out what you owe, get filed correctly, and leave with a plan. Flat prices, evening calls by phone or video, and no lecture.
Havertown Financial · Reset
The 90% rule, worked out
Tax year 2026 · Married filing jointly
Wages150,000
Won+100,000
Lost−95,000
Real profit5,000
How the IRS counts it
Losses you can deduct (90%)85,500
Standard deduction you give up−32,200
Added taxable income46,700
Extra federal tax, at 22%about $10,300
PA tax, 3.07% of the $5,000 net*154
Run your numbers
Bet Tax X-ray What your betting year adds to your federal and PA tax.Money Leak X-ray Where your bank statement’s money went to betting, crypto and pay-later apps.Free. Runs in your browser. Nothing is saved.
The 2026 rule, in one paragraph
Starting with 2026 returns, you can deduct only 90% of gambling losses, and only if you itemize. Most people take the standard deduction, which means their losses count for nothing on the federal return. That is how a couple can come out $5,000 ahead and still owe about $10,300 more in federal tax, as the receipt shows. Congress is debating a repeal of the 90% cap, but it is not law. Good records and the itemize-or-not decision matter either way.
The IRS gets a copy of every W-2G. Its watchdog found 148,908 people who got gambling-winnings tax forms (W-2Gs) over $15,000 never filed a return. (Treasury Inspector General for Tax Administration, 2024.)
Flat prices, shown up front
You see the price before you book. If your situation needs more work than the package covers, we tell you the number before we start.
- 1
Sportsbooks and online casino
Bettor Tax Package
- We pull and total your history from every sportsbook and casino app
- Itemizing compared against the standard deduction, with the math shown
- Federal return plus PA Schedule T
- A records template so next year takes ten minutes
- An estimate of next year’s tax, so it doesn’t surprise you twice
from $350
Federal and PA returns with your sportsbook and casino history.
- 2
Crypto and trading apps
App Investor Tax Package
- Your 1099‑B and the new 1099‑DA for digital assets, checked against your app history
- Cost basis fixed where the app got it wrong or left it blank
- Wash sales and short-term versus long-term gains sorted out
- Federal and PA returns, plus next year’s estimate
from $350
Federal and PA returns with your crypto and trading-app forms.
- 3
One or more years not filed
Catch-up filing
- We pull your IRS transcripts to see what the IRS already has
- Each missing year prepared and filed, oldest first
- A clear total of what you owe, before anything is filed
- Payment plan options explained if you can’t pay it all at once
from $250 per year
Each unfiled year, plus a pull of your IRS transcripts.
- 4
When the money side needs a plan
Money Reset
- Session 1: a full money inventory and a budget that runs on auto-transfers
- Session 2: spending controls, like bank blocks, deposit limits and self-exclusion options
- Session 3: we read your credit report together and set the next 90 days
- A referral to a nonprofit credit counselor if the debt is past what a budget can fix
$300 flat
Three sessions. No add-ons.
Prices are per person or per joint return. More than five apps, a business on top, or years with no records can add to the price, and you will know before we start.
What we do, and what we don’t
We do
- Figure out what you owe, federal and Pennsylvania
- File current and past-due returns
- Total your app and sportsbook histories so the numbers hold up
- Set up quarterly estimates for side income
- Build a budget and spending controls with you
- Read your credit report with you as part of the plan
We don’t
- Negotiate or settle debts with your creditors
- Charge to dispute items on your credit report
- Give legal advice
- Represent you in an audit or collections case (we refer you to someone who can)
- Take referral money from sportsbooks, lenders or debt companies
Straight answers
I lost money overall. Do I still owe tax?
Often, yes. If you take the standard deduction, your winnings are taxed and your losses count for nothing on your federal return. Starting with 2026, even people who itemize can only deduct 90% of their losses. We run both ways and show you the numbers.
Will anyone know why I came in?
No. Your file is private, and “Reset” does not say what it is about. Calls are by phone or video, and evenings are fine.
I haven’t filed in a couple of years. Is it too late?
No. We start by pulling your IRS transcripts to see what the IRS already knows, then file the missing years one at a time. Catch-up filing is from $250 per year.
Do you settle debt or fix credit?
No. We never negotiate with your creditors or charge to dispute credit items. We help you build a plan and read your credit report with you, and we refer you to a nonprofit credit counselor when that is the better fit.
Fifteen minutes, no judgment.
Tell us which apps and which years. You leave the call knowing roughly what you owe and what it costs to fix.