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flag New tax law limits gambling loss deductions to 90% of winnings, sparking backlash from Nevada.

flag A new federal tax law will limit gambling loss deductions to 90% of winnings, starting in 2026, potentially increasing taxes on gamblers. flag Nevada Congresswoman Dina Titus introduced the FAIR BET Act to restore the full 100% deduction, arguing the change could lead to underreporting and use of unregulated platforms. flag The bill faces political and fiscal scrutiny but aims to protect Nevada's gambling community.

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