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The Fair Bet Act, introduced by Representative Dina Titus (D), hopes to restore the 100% deduction for gambling losses.
Trump has now extended the deadline for negotiations to Aug. 1 and tinkered with his threatened tariffs, leaving the global ...
Delays are expected on Route 2 west in Central Massachusetts Wednesday afternoon, as only the breakdown lane is open ...
The provision tucked into the “Big Beautiful Bill” limits tax deductions for gambling losses, while still requiring ...
An obscure provision in Donald Trump's 'big, beautiful bill' reduces the amount gamblers can deduct from taxes for betting losses.
Mike Florio takes a deep dive into why there in bipartisan effort to change the language of the gambling portion of the big, ...
Senate language in the 'Big Beautiful' package cuts the amount of losses that gamblers can deduct in their taxes.
Nevada Senator Dina Titus is presenting the FAIR BET Act, an amendment to the bill that would address the issue and reinstate ...
Under the new law, gamblers will be allowed to deduct just 90% of their losses from their income taxes starting in 2026. Previously, they could deduct 100% of their losses. Now, for example, gamblers ...
On Tuesday evening, Representative Randy Fine of Florida, as is his wont, harassed a fellow member of Congress with ...
Due to conflicting efforts by Secretary of State Marco Rubio and special envoy Richard Grenell, the Trump administration ...
Contributor content. Online casinos in the US are surging in popularity as many states legalize digital gambling.