Understanding Taxes and Gambling Losses?
Does anyone really understand the 10% issue. Let’s say you have $50,000 in tax forms but $100,000 in losses. Can you still claim $100,000 in losses so you don’t need to pay t...
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Does anyone really understand the 10% issue. Let’s say you have $50,000 in tax forms but $100,000 in losses. Can you still claim $100,000 in losses so you don’t need to pay t...
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 rest...
Jiaying Chen, who tricked multiple men into fraudulent marriages to steal over $300,000 for her Las Vegas gambling habit, was sentenced Tuesday (Oct. 6) to nearly a year in Clark C...
The House Ways and Means Committee today moved a tax package forward that includes language for 100% tax deduction of gambling losses, a crucial step to restore the full deduction...
A Nigerian man has revealed that he lost ₦4.1 million within seven hours after gambling on virtual games for four hours without recording a single win. The man, who opened up abo...
Taxpayers who itemize federal returns will likely be able to deduct 100% of their gambling losses against winnings for the 2026 tax year. On Wednesday (Sept. 16), the House Ways an...
A former executive at a social media firm with close ties to President Donald Trump spent 200 days gambling at a South Florida Hard Rock casino in a single year, allegedly feeding...
Gary Benson previously won his gambling debt case, and now, a court says he can't collect the money.
by Jack McGeever at CDN - A former college student who previously lost more than $100,000 gambling on sports turned to prediction markets after moving home to Utah, where betting...
Efforts to restore the full 100% tax deduction for gambling losses gained momentum this week after a House committee moved to repeal a key provision from the One Big Beautiful Bill...
A California man who hoped to get his hands on a $750,000 lottery prize has been left with a $150,000 legal bill following a failed attempt to sue the state lottery. The California...
Rep. Dina Titus (D-NV) reported her gambling loss tax deduction plan will be included in a tax package the House Ways and Means Committee will consider for approval this week. Titu...
Kroy Biermann has been ordered to pay more than $64,000 in gambling‑related debt tied to a 2021 trip to the Baha Mar Casino in the Bahamas, according to court documents obtained by...
A slots vlogger with more than 1.6 million YouTube subscribers confirmed on Tuesday (Aug. 25) that he was escorted out of The Venetian Las Vegas days after hitting a $400,000 jackp...
A former college basketball player who defrauded cryptocurrency investors and gambled away their money on offshore casino Stake.com has pleaded guilty to federal fraud and money la...
A former manager of a West Virginia nonprofit veterinary clinic has admitted embezzling more than $624,000 from his employer to feed an online gambling addiction—ultimately losing...
Yvonne Ncube in Bulawayo A 22-YEAR-OLD man from Gokwe has died by suicide after losing US$300 of his employer’s money in a gambling wager. Kuzivakwashe Gava, who worked at a mobi...
Here's an article about it: https://sbcamericas.com/2025/07/14/obbba-change-slot-tax-reporting/
Offset risks a $200,000 judgment in a Detroit gambling lawsuit as footage of his heated Paris blackjack encounter circulates.
A Malaysian influencer once famous for promoting gambling says he now drives for Grab about 10 hours a day just to cover basic expenses after running up some RM1 million (US$245,00...
A 25-year-old Connecticut man has pleaded guilty to federal fraud and money laundering charges after using money entrusted to him for cryptocurrency investments to gamble on offsho...
A Las Vegas gambler accused of running an illegal sportsbook allegedly continued taking bets after his arrest—including from the undercover agent investigating him—prosecutors said...
The founder of a collapsed British “shadow bank” accused of misappropriating £1.3 billion (US$1.7 billion) was reportedly a prolific high roller who bet up to £60,000 ($60,000) per...
U.S. Rep. Dina Titus (D-NV) isn’t backing down from her fight to fully restore the federal gambling loss deduction, continuing her push for the House Ways and Means Committee to ad...
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