Gambling losses
Varies
Can I Write Off Gambling Losses?
Short answer: Yes, if you itemize, but only up to your gambling winnings, and starting in 2026 only 90% of losses count.
You must report all winnings. Keep a log, tickets, and casino statements.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
BW-B22-00173
medium risk
Gambling losses
Varies
Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
Yes, if you itemize, but only up to your gambling winnings, and starting in 2026 only 90% of losses count.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Yes, if you itemize, but only up to your gambling winnings, and starting in 2026 only 90% of losses count. You must report all winnings. Keep a log, tickets, and casino statements.
Category
- Personal Tax Deductions
personal deduction
search demand 2026
losses
gambling