Are Your 'Gambling Losses' Still Fully Deductible Against...

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2026-05-05 07:00:21 -

Are Your 'Gambling Losses' Still Fully Deductible Against Winnings?

The tax environment of 2026 has truly made a groundbreaking change to all individuals in terms of sports betting, casual, and even professional poker players. The regulations of the game have been altered under the One Big Beautiful Bill Act (OBBBA), and not to the advantage of the player. The conventional tax code has been operating under a simple netting logic: make a gain of 10,000 and...

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