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Nevada Representative Dina Titus has proposed the Fair Accounting for Income Realized from Betting Earnings Taxation (FAIR) Bet Act. The aim of the bill is to try to return the gambling loss tax deduction to 100% after President Donald Trump’s “Big, Beautiful Bill” revealed in April that this would drop to 90% in the US.
also brought it to the Committee on Ways and Means in July
The FAIR Bet Act ultimately fell short after the Rules Committee declined the attempt to attach it to the proposed 2026 National Defense Authorization Act (NDAA) on Tuesday. Titus had also brought it to the Committee on Ways and Means in July when it failed to progress there. She doesn’t plan to give up on the fight, posting on X to say that she’s not yet done but building support of the measure:
The Congressional Budget estimates that the drop to 90% will bring in an extra $1.1bn for the government over the first eight years. The announcement caused pandemonium when it first broke, with professional gamblers seeing it as a threat to their livelihoods. The 90% level means that some people could still owe taxes even if they made zero income from gambling in a tax year.
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