Beginning in 2026, the tax law changes just enough to irk people who dream big by heading to the casino, betting online or buying lottery tickets. Instead of gambling losses being deductible to the ...

Professional gamblers may need to find a new profession. The final version of the big, beautiful bill that will be signed into law by President Trump on Friday contains the tax provision that limits ...

President Donald Trump is signaling that he wants to unwind a looming change to how gambling winnings are taxed, setting up a clash between a fresh revenue-raising rule and a White House eager to ...

The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even. By Alan Rappeport Reporting from Washington As American taxpayers sift through the ...

The house always wins in gambling, and soon it could feel like Uncle Sam does too. That’s because gamblers face what amounts to a tax hike beginning in 2026: They’ll no longer be able to deduct the ...