Latest iteration of big, beautiful bill to limit gambling loss deductions to 90%

2 indigodaddy 2 7/2/2025, 11:12:51 PM reviewjournal.com ↗

Comments (2)

cratermoon · 10h ago
Why are gamblers allowed to deduct their losses in the first place?
marinmania · 10h ago
You can't deduct losses against regular income. The idea is that if you win $100,000 one day and lose $100,000 the next day you should be taxed 0 since on net you won 0 total. Under the news rules it sounds like you would still be taxed even if you won 0 on net.

I am anti-gambling so I don't really care, but the current system seems fair (assuming its enforced well)