News US States House Panel Advances Bill to Restore Full Gambling Loss Tax Deductions September 18th, 2026 8:16 am PDT Key Highlights A new tax proposal on gambling losses could benefit American bettors when it comes time to file income taxes. House Committee Moves Gambling Tax Fix Forward On Sept. 16, the House Ways and Means Committee voted 38-5 in favor of advancing legislation for US gambling laws that would restore the full federal tax […]