
Is Restoring the Deduction for Gambling Losses That Big of a Deal? Here’s What the IRS Says
It’s becoming increasingly likely that tax filers who itemize their federal returns will be able to deduct 100% of their gambling losses against their winnings for the 2026 tax year. On Wednesday (Sept. 16), the House Ways and Means Committee passed the Digital Asset Tax Certainty Act with a 38-5 v…
















