House Panel Advances Bill to Reinstate Full Gambling Loss Deduction
A congressional effort to reverse a federal tax change affecting gambling losses moved forward this week after the House Ways and Means Committee approved legislation aimed at restoring the longstanding 100% deduction for wagering losses. The committee action advances proposals championed by Nevada lawmakers, including Rep. Dina Titus and Rep. Steven Horsford, who have spent more than a year seeking to overturn a provision contained in the tax-and-spending package known as the One Big Beautiful Bill. The measure reduced the […] The post House Panel Advances Bill to Reinstate Full Gambling Loss Deduction appeared first on World Casino News.
A congressional effort to reverse a federal tax change affecting gambling losses moved forward this week after the House Ways and Means Committee approved legislation aimed at restoring the longstanding 100% deduction for wagering losses. The committee action advances proposals championed by Nevada lawmakers, including Rep. Dina Titus and Rep. Steven Horsford, who have spent more than a year seeking to overturn a provision contained in the tax-and-spending package known as the One Big Beautiful Bill. The measure reduced the […]
The post House Panel Advances Bill to Reinstate Full Gambling Loss Deduction appeared first on World Casino News.
