Episode
Broke Even at the Casino? You Still Owe Taxes in 2026 | Gambling Tax Law Updates
- Published
- Feb 25, 2026
- Duration seconds
- 1072
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Summary
Imagine breaking even at the casino and still owing taxes. Beginning in 2026, Congress approved a new rule that limits gambling loss deductions to 90%. That means if you win $10,000 and lose $10,000, you could still owe taxes on $1,000 of phantom income. Today, we're breaking down the new gambling tax rule that quietly slipped into law, why it creates phantom income for gamblers, and what casual and professional gamblers need to do right now to protect themselves. 👉 Get the Free Tax Savings S...