Nevada Lawmakers Push to Halt Upcoming 2027 Tax Hike on Gambling Losses
The committee attached the FAIR BET Act to a tax bill, moving it toward a House vote as supporters seek to restore full gambling-loss deductions.
6 Articles
6 Articles
The House Media and Arbitrian Committee voted on Wednesday 38-5 to push for legislation that would reinstate total federal tax deduction for gambling losses, marking Congress' first significant action on a provision that critics have termed a "phantom income tax" since President Donald Trump enacted it on July 4, 2025.
Titus bill to reverse change made to gambling tax code advances in U.S. House
Nevada Rep. Dina Titus introduced a bill, the FAIR BET Act, that would restore gambling loss deductions to 100 percent. Her bill advanced out of committee and now must face a full House of Representatives vote to continue.
Nevada lawmaker's gambling tax deduction fix moves past key hurdle
A measure to restore the full federal tax deduction on gambling losses advanced out of the House Ways and Means Committee, giving Rep. Dina Titus, D-Nev., an opening to press House leadership for a floor vote before the end of the year. The committee approved the fix Wednesday after attaching it to H.R. 10357, the Digital Asset Tax Certainty Act. Titus, who has led the effort since introducing the...
House Ways and Means Committee Moves Tax Package Forward That Includes Gambling Loss Deduction Plan
The House Ways and Means Committee today moved a tax package forward that includes language for 100% tax deduction of gambling losses, a crucial step to restore the full deduction of gambling losses that was reduced by the One Big Beautiful Bill Act. The approval of the tax package included Rep. Steven Horsford’s (D-NV) FULL … Continued
Restoration of Gambling Deductions Passes out of Committee
The Full House Act, a bill to reinstate the rules for wagering losses which were changed with the passage of the Big Beautiful Bill in July, 2025, passed out of the House Ways and Means committee Wednesday and now heads for a vote on the floor of the House of Representatives. Traditionally, gamblers could deduct The post Restoration of Gambling Deductions Passes out of Committee appeared first on TDN | Thoroughbred Daily News | Horse Racing News…
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
