CLEVELAND - U.S. Rep. Max Miller has introduced bipartisan legislation that would reverse a recent change in federal tax law that forces gamblers to pay taxes on money they never actually earned.

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. The One Big Beautiful Bill Act of 2025 was signed into law on July 4. While many ...

Under new tax laws that went into effect on January 1, 2026, gamblers will have to pay taxes on some of their winnings even if they break even or lose money overall for the 2026 tax year. The new tax ...

High-stakes gamblers took a loss on Capitol Hill when the bid in the House of Representatives to fully restore the federal tax deduction for gambling losses failed. That development left in place a ...