Biz Write-Offs LogoBiz Write-Offs

Lottery tickets

$1-$30

Can You Write Off Lottery Tickets?

Short answer: Only as gambling losses against lottery or other gambling winnings, and only if you itemize.

Keep losing tickets. Starting in 2026 only 90% of losses count.

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.