Reps. Miller and Horsford Introduce FULL HOUSE Act to End Unfair Taxation of Gambling Losses 

WASHINGTON, D.C. – U.S. Congressman Max Miller (OH-07) and Congressman Steven Horsford (NV-04) introduced H.R. 6985, the Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act, bipartisan legislation to restore the long-standing rule allowing gamblers to deduct 100 percent of their gambling losses against their winnings. 

For decades, the Internal Revenue Code allowed taxpayers to deduct gambling losses up to the full amount of their gambling winnings. A recent change to the law reduced this deduction to 90 percent, leaving taxpayers with taxable income even when they broke even or lost money overall. The FULL HOUSE Act restores the original rule by allowing losses from wagering transactions to be deducted to the full extent of gains, aligning tax liability with actual economic reality. 

“The FULL HOUSE Act is about basic fairness in the tax code,” said 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.” 

“Taxing people on money they never actually earned is fundamentally unfair and harmful to Nevada’s economy,” said Congressman Horsford. “This policy would drive major tournaments abroad, push gaming underground, and hurt tourism across my state. There is strong bipartisan agreement that this provision was a mistake, and Congress must act to correct it.” 

Bill text here.

Editor’s note regarding Congressman Miller: 

Congressman Max Miller represents Ohio’s Seventh District, which includes Medina and Wayne counties as well as parts of Cuyahoga and Holmes counties. Miller serves on the House Committee on Ways and Means and the House Committee on Science, Space, and Technology. The Republican sophomore members selected Miller as their representative to the Republican Steering Committee. He is a member of the Republican Study Committee and the Main Street Caucus. Before joining Congress, Miller spent six years in the Marine Corps Reserves and served in several senior positions for President Donald Trump. Please visit http://maxmiller.house.gov for more information. 

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