How HR 4304 changes current law

Fair Accounting for Income Realized from Betting Earnings Taxation Act · United States

How this bill changes current law

1 change

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill increases the deductible amount of wagering losses from 90 percent to 100 percent.

  • Section 165(d)

    90 percent → 100 percent

    This change allows taxpayers to deduct 100 percent of their wagering losses instead of 90 percent.

Download the branded redline PDF

A print-ready, House Comparative-Print–style redline to forward to your team or leadership.

One email, no spam — used to send updates on bills like this.

View the full bill Permalink: https://www.oneclickpolitics.com/bills/132864-hr-4304/current-law