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Prior to 2026, you could deduct a hundred% of the betting losings up to the level of the profits. While the OBBBA going went for the impression, you might deduct 90% of one’s losings because the most other 10% try low-allowable. For the Sep 16, 2026, the house Ways and means Panel approved a measure to replace the fresh one hundred% taxation write-offs, repealing the earlier laws.

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