This time, proponents of restoring the deduction to 100% tried via an amendment, but the Rules Committee adjourned without ...

Gambling is a widespread activity that is gaining popularity as it becomes more accessible, especially in sports. While ...

Add Yahoo as a preferred source to see more of our stories on Google. Charles Barkley is known to have a certain affinity for gambling. While that is true, some might not realize the full extent of it ...

Federal gambling tax deduction cap holds at 90%, while Virginia lawmakers advance bill creating consolidated regulator.

A long-shot effort to restore the full federal tax deduction for gambling losses fell short on Capitol Hill this week. The House Rules Committee declined to advance an amendment to a larger spending ...

CLEVELAND - U.S. Rep. Max Miller has introduced bipartisan legislation that would reverse a recent change in federal tax law that forces gamblers to pay taxes on money they never actually earned.

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. The One Big Beautiful Bill Act of 2025 was signed into law on July 4. While many ...

Charles Barkley is known to have a certain affinity for gambling. While that is true, some might not realize the full extent of it. Luckily, the NBA icon is as honest as they come. Showcasing that ...