Bettors can still deduct losses from wins within a single session of play. But the Internal Revenue Service ( irs) is ...

There are new laws regarding gambiling losses. Previously players could deduct those losses from their winnings with the IRS, ...

A s Americans sift through the wreckage of Donald Trump’s One Big Beautiful Act and begin to understand just how damaging it ...

Senior Congress and Campaigns Reporter Riley Beggin breaks down the signature policy changes laid out in the recently passed GOP budget.

A small provision added to President Donald Trump’s “One Big Beautiful Bill Act” — that came to light days before the ...

The Fair Bet Act, introduced by Representative Dina Titus (D), hopes to restore the 100% deduction for gambling losses.

An obscure provision in Donald Trump's 'big, beautiful bill' reduces the amount gamblers can deduct from taxes for betting losses.

The provision tucked into the “Big Beautiful Bill” limits tax deductions for gambling losses, while still requiring ...

Mike Florio takes a deep dive into why there in bipartisan effort to change the language of the gambling portion of the big, ...

Nevada Senator Dina Titus is presenting the FAIR BET Act, an amendment to the bill that would address the issue and reinstate ...

The Big Beautiful Bill that was signed into law on July Fourth, has bet the nation's future on whether the BBB will work as ...