A new tax law effective in 2026 limits gambling loss deductions to 90% of winnings. Learn how this creates "phantom income" ...

A new law capping gambling loss deductions at 90% went into effect on Jan. 1, 2026. The new gambling tax policy forces ...

As the fiscal landscape shifts, new regulations on wagering income take effect, sparking debate between legislative action ...

There’s no such thing as a sure bet, but gamblers have long been able to count on the fact that they would only have to pay taxes on their net winnings (total wins minus total losses). However, a new ...

As the crisp New Hampshire fall approaches, bringing with it football season and weekend casino trips, there’s a new tax rule on the horizon that might change how you think about your next bet.

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. The One Big Beautiful Bill Act was signed into law by President Donald Trump.

Tax experts warn that both casual bettors and high rollers could face unexpected tax bills under increased IRS scrutiny in 2025. IRVINE, CALIFORNIA / ACCESS Newswire / August 18, 2025 / The Internal ...

President Donald Trump said on Dec. 9 that he is considering the idea of eliminating federal taxes on gambling winnings, signaling another potential addition to his administration’s widening effort to ...

President Donald Trump said Tuesday he would consider eliminating federal taxes on gambling winnings, a move that would expand his administration’s push to reduce taxes on everyday income, including ...

A new tax law goes into effect on Thursday that is likely to have massive ramifications for gamblers.Starting on Jan. 1, 2026 ...