If you’re into gambling or planning to hit the World Series of Poker (WSOP), there’s something critical you need to know ...

New 2026 gambling tax limits loss deductions to 90%, raising taxes for bettors. Learn how Congress is responding and what ...

A new law capping gambling loss deductions at 90% went into effect on Jan. 1, 2026. The new gambling tax policy forces ...

Tax laws previously allowed gamblers to deduct up to 100% of their gambling winnings as losses with itemized deductions. That drops to 90% of their winnings for the 2026 tax year, Kiplinger said. The ...

Under the current rule, individuals can only deduct up to 90% of their gambling losses, creating a scenario where they are ...

President Donald Trump has opened the door to a dramatic shift in how Washington treats gambling, telling reporters he is willing to consider scrapping federal taxes on gambling winnings. The idea, ...

A new US tax law could change gambling for Americans in 2026, with President Trump's OBBBA could see take-home winnings ...

A U.S. congressional effort to restore full federal deductions for gambling losses has stalled after the House Rules ...

Oklahoma Sen. James Lankford says he supports the new law that lowers the allowable deductions for gambling losses from 100% ...

Nevada officials are lobbying the US government in an effort to reverse impending gambling taxes. Under new federal rules, ...