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Our house Ways and means Committee advanced a measure on the Sept. 16 to restore the new a hundredpercent deduction for gambling losings, reversing the fresh 90percent limit in the OBBBA you to grabbed impression Jan. step one, 2026. The brand new improve, drawn from the bipartisan Full House Work, is actually collapsed for the Electronic Advantage Tax Certainty Work (Time 10357) and you may do implement retroactively in order to 2026. Representative. Dina Titus is pushing House frontrunners to have the ground vote prior to Jan. 1, 2027. The bill however demands complete Home, Senate and you can presidential approval.
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