Dina Titus presses US tax committee for 100% gambling loss deduction
By The Weekly Edge desk ·
Summary
US Representative Dina Titus is urging the House tax committee to take up her FAIR BET legislation, reported by Casino.org News. The proposal would raise the federal deduction for gambling losses from 90% to 100%, but neither it nor a similar Senate bill has reached a floor vote.
Why it matters
Restoring the deduction would allow gamblers to offset all gambling losses against winnings when calculating federal tax.