Dina Titus seeks gambling-loss deduction repeal in defence bill
US Representative Dina Titus has proposed adding the FAIR BET Act to the National Defense Authorization Act to restore full deductions for gambling losses. The source said a 2025 law capped deductions at 90% of winnings, with the change due to take effect next year. Titus urged House Republicans to let the amendment be considered by the House Rules Committee when Congress returns.
The proposal could change the federal tax treatment of gambling losses for operators and their customers.