Congressmales Horsford and Miller Introduce Bipartisan Bill to Restore Full Gaming Loss Deduction

For many years, the Internal Revenue Code allowed taxpayers to deduct gaming losses as much as the complete quantity of their winnings. However, a last-minute provision in Republicans’ “Big Beautiful Bill” lowered that deduction to 90 %, successfully forcing folks to pay taxes on cash they by no means truly earned. This change threatens Nevada’s gaming business, its tourism sector, and broader financial exercise. The FULL HOUSE Act restores the unique rule, permitting losses from wagering transactions to be deducted in full, guaranteeing tax legal responsibility displays precise financial actuality.

“Taxing people on money they never actually earned is fundamentally unfair and harmful to Nevada’s economy,” stated Congressman Horsford. “This policy would drive tourism across our state elsewhere. There is strong bipartisan agreement that this provision was a mistake, and Congress must act to correct it.”

“The FULL HOUSE Act is about basic fairness in the tax code,” stated Congressman Miller. “Americans should not be taxed on money they didn’t actually take home. By restoring the full deduction for gambling losses, this bill ensures the IRS treats taxpayers honestly and consistently. I’m proud to lead this bipartisan effort with Congressman Horsford, and I urge my colleagues to support this common-sense fix.”

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