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119-hr-4304119th CongressWALLET

Fair Accounting for Income Realized from Betting Earnings Taxation Act

Sponsored By: Representative Titus, Dina [D-NV-1]

Introduced

Summary

Allow 100% deduction for wagering losses.

Show full summary

The FAIR Bet Act would amend Section 165(d) of the Internal Revenue Code by striking "90 percent" and inserting "100 percent". That change raises the portion of wagering losses taxpayers can claim as an itemized deduction against gambling winnings. The amendment is narrowly focused on that single wording change and retains the general framework of the code provision.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Full deduction for gambling losses

This bill would let you deduct 100% of your gambling losses, up to your gambling winnings. It would change the tax rule from 90% to 100%. This would help only if you report both winnings and losses and claim the deduction. No start date is stated in the text provided.

Sponsors & CoSponsors

Sponsor

Titus, Dina [D-NV-1]

NV • D

Cosponsors

  • Rep. Khanna, Ro [D-CA-17]

    CA • D

    Sponsored 7/7/2025

  • Rep. Nehls, Troy E. [R-TX-22]

    TX • R

    Sponsored 7/10/2025

  • Rep. Horsford, Steven [D-NV-4]

    NV • D

    Sponsored 7/10/2025

  • Rep. Van Drew, Jefferson [R-NJ-2]

    NJ • R

    Sponsored 7/10/2025

  • Rep. Amodei, Mark E. [R-NV-2]

    NV • R

    Sponsored 7/10/2025

  • Rep. Lee, Susie [D-NV-3]

    NV • D

    Sponsored 7/10/2025

  • Rep. Cisneros, Gilbert Ray [D-CA-31]

    CA • D

    Sponsored 7/10/2025

  • Rep. Deluzio, Christopher R. [D-PA-17]

    PA • D

    Sponsored 7/21/2025

  • Rep. Soto, Darren [D-FL-9]

    FL • D

    Sponsored 7/21/2025

  • Rep. Reschenthaler, Guy [R-PA-14]

    PA • R

    Sponsored 7/21/2025

  • Rep. Salinas, Andrea [D-OR-6]

    OR • D

    Sponsored 9/3/2025

  • Rep. Stanton, Greg [D-AZ-4]

    AZ • D

    Sponsored 9/8/2025

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 9/23/2025

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 9/30/2025

  • Rep. Stevens, Haley M. [D-MI-11]

    MI • D

    Sponsored 9/30/2025

  • Rep. Miller, Max L. [R-OH-7]

    OH • R

    Sponsored 9/30/2025

  • Rep. Gray, Adam [D-CA-13]

    CA • D

    Sponsored 10/17/2025

  • Rep. Valadao, David G. [R-CA-22]

    CA • R

    Sponsored 10/21/2025

  • Rep. McGarvey, Morgan [D-KY-3]

    KY • D

    Sponsored 11/7/2025

  • Rep. LaLota, Nick [R-NY-1]

    NY • R

    Sponsored 11/7/2025

  • Rep. Ezell, Mike [R-MS-4]

    MS • R

    Sponsored 12/1/2025

  • Rep. Barr, Andy [R-KY-6]

    KY • R

    Sponsored 12/17/2025

  • Rep. Cole, Tom [R-OK-4]

    OK • R

    Sponsored 1/8/2026

  • Rep. Bergman, Jack [R-MI-1]

    MI • R

    Sponsored 2/24/2026

  • Rep. Ruiz, Raul [D-CA-25]

    CA • D

    Sponsored 3/27/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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