A Nevada congresswoman’s effort to restore full tax deductions for gambling losses has cleared a key hurdle.
U.S. Rep. Dina Titus, D-Nevada, said her provision to bring back the 100% deduction, known as the FAIR BET Act, passed out of committee Wednesday, after previous efforts fell short.
She’s now urging Congressional leaders to bring the measure to the House floor.
“After 14 months of fighting to get this commonsense, bipartisan fix through committee, we must now encourage the House to approve this measure before Jan. 1, 2027,” Titus said in a statement. “This would stop the reduction to 90 percent from taking effect and ensure gamblers across the nation do not pay this tax on phantom money they never won.”
