Nevada Lawmakers Push to Halt Upcoming 2027 Tax Hike on Gambling Losses
The committee attached the FAIR BET Act to a tax bill, moving it toward a House vote as supporters seek to restore full gambling-loss deductions.
7 Articles
7 Articles
The House Media and Arbitrian Committee voted on Wednesday 38-5 to push for legislation that would reinstate total federal tax deduction for gambling losses, marking Congress' first significant action on a provision that critics have termed a "phantom income tax" since President Donald Trump enacted it on July 4, 2025.
Titus bill to reverse change made to gambling tax code advances in U.S. House
Nevada Rep. Dina Titus introduced a bill, the FAIR BET Act, that would restore gambling loss deductions to 100 percent. Her bill advanced out of committee and now must face a full House of Representatives vote to continue.
Key Congressional committee backs reversing gambling loss tax deduction change
A year-long effort to reverse the change to the federal gambling loss tax deduction finally took a step forward in Congress this week. The House Ways and Means Committee (WAM) voted 38-5 to pass a measure that would restore the 100% gambling loss tax deduction. Those deductions were capped at 90% by President Trump’s One […]
Nevada lawmaker's gambling tax deduction fix moves past key hurdle
A measure to restore the full federal tax deduction on gambling losses advanced out of the House Ways and Means Committee, giving Rep. Dina Titus, D-Nev., an opening to press House leadership for a floor vote before the end of the year. The committee approved the fix Wednesday after attaching it to H.R. 10357, the Digital Asset Tax Certainty Act. Titus, who has led the effort since introducing the...
House Ways and Means Committee Moves Tax Package Forward That Includes Gambling Loss Deduction Plan
The House Ways and Means Committee today moved a tax package forward that includes language for 100% tax deduction of gambling losses, a crucial step to restore the full deduction of gambling losses that was reduced by the One Big Beautiful Bill Act. The approval of the tax package included Rep. Steven Horsford’s (D-NV) FULL … Continued
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