Taxed Even When You Lose? Gamblers Cry Foul Over Provision In ...

Nevada Rep Introduces Bill to Reverse Cut on Gambling Losses Deduction

Rep. Dina Titus (D-Nevada) today introduced FAIR BET Act Titus last week declared she would introduce a bill to reverse the cut on gambling losses deduction The legislation will allow professional gamblers and sports bettors to deduct 100% of losses from taxes Moments after President Donald Trump’s (R) Big Beautiful Bill was passed, which included a reduction on the amount of losses professional gamblers could deduct from their taxes each year, …

Taxed Even When You Lose? Gamblers Cry Foul Over Provision In ...

New bill has some gamblers angry

A few sentences slipped into the 940-page tax bill approved by Congress this week could force some gamblers to pay income taxes even after losing money.