PRIA Logo™
119-hr-6985119th CongressWALLET

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

Sponsored By: Representative Miller, Max L. [R-OH-7]

Introduced

Summary

Limits wagering loss deductions to the amount of wagering gains. This bill would reinstate Section 165(d) so wagering losses are allowed only to the extent of wagering gains and would clarify that the phrase covers any otherwise allowable deduction incurred in carrying on a wagering transaction.

Show full summary
  • Individuals who report gambling winnings and losses would only be able to deduct losses up to their gambling gains, shrinking the ability to claim a net gambling loss on a tax return.
  • Professional or business-like gamblers would have business expenses tied to wagering treated as wagering losses and therefore capped by the same gain-only limit.
  • The change would apply to tax years beginning after December 31, 2025, so filings for those years would follow the reinstated rule.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

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

Limits on gambling loss deductions

This bill would limit deductions for gambling losses so you could only deduct losses up to the amount you won. It would also say any deduction you take that is tied to carrying on gambling counts as a wagering loss. The change would apply to tax years beginning after December 31, 2025.

Sponsors & CoSponsors

Sponsor

Miller, Max L. [R-OH-7]

OH • R

Cosponsors

  • Rep. Horsford, Steven [D-NV-4]

    NV • D

    Sponsored 1/8/2026

  • Rep. Lee, Susie [D-NV-3]

    NV • D

    Sponsored 1/14/2026

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 1/14/2026

  • Rep. Malliotakis, Nicole [R-NY-11]

    NY • R

    Sponsored 1/20/2026

  • Rep. Van Drew, Jefferson [R-NJ-2]

    NJ • R

    Sponsored 1/21/2026

  • Rep. Boyle, Brendan F. [D-PA-2]

    PA • D

    Sponsored 4/14/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation