House Ways and Means Committee Moves Tax Package Forward That Includes Gambling Loss Deduction Plan
The House Ways and Means Committee advanced a tax package including the FULL HOUSE Act to restore 100% gambling loss deductions.Summary
The House Ways and Means Committee advanced a tax package that includes Rep. Steven Horsford's FULL HOUSE Act, which would restore the ability of gamblers to deduct 100% of their gambling losses on federal taxes, as long as losses do not exceed winnings. The bipartisan package passed 38-5 and now moves to the full House. This effort reverses a change made by the One Big Beautiful Bill Act, signed in July 2025, which had reduced the deduction for professional gamblers from 100% to 90%. Horsford and Rep. Dina Titus have pushed for this restoration. The American Gaming Association's President, Bill Miller, praised the committee's action and urged Congress to pass the FULL HOUSE Act to prevent taxation on phantom income and ensure consumers use the legal market.
(Source：Sports Betting Dime)