Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act

This bill would rewrite the federal tax rule on gambling losses in Section 165(d) of the Internal Revenue Code. Under the new wording, taxpayers could deduct gambling losses up to the amount of their gambling winnings. Other deductions a person has in carrying on gambling activity, such as related expenses, would count as gambling losses under the same limit. The change would apply to tax years beginning after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Max L. Miller Republican sponsor
• 6 cosponsors