This time, proponents of restoring the deduction to 100% tried via an amendment, but the Rules Committee adjourned without ...

Rep. Dina Titus tried, but failed to get her bill to restore gambling tax loss deduction to 100% attached to a government spending bill.

The IRS views almost all gambling winnings as taxable income. This includes sportsbooks, lotteries and even bingo winnings.

President Donald Trump is signaling that he wants to unwind a looming change to how gambling winnings are taxed, setting up a clash between a fresh revenue-raising rule and a White House eager to ...

If you’re into gambling or planning to hit the World Series of Poker (WSOP), there’s something critical you need to know about: the “gambling winnings tax.” A major change to the tax code in 2026 is ...