Congressmen Horsford and Miller introduce bill to restore full gaming loss deduction

(PRESS RELEASE) -- U.S. Congressman Steven Horsford (NV-04) and Congressman Max Miller (OH-07) introduced H.R. 6985, the Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act, bipartisan legislation to restore the long-standing rule allowing gamers to deduct 100% of their losses against their winnings.

For decades, the Internal Revenue Code allowed taxpayers to deduct gaming losses up to the full amount of their winnings. However, a last-minute provision in Republicans’ “Big Beautiful Bill” reduced that deduction to 90 percent, effectively forcing people to pay taxes on money they never actually earned. This change threatens Nevada’s gaming industry, its tourism sector, and broader economic activity. The FULL HOUSE Act restores the original rule, allowing losses from wagering transactions to be deducted in full, ensuring tax liability reflects actual economic reality.

“Taxing people on money they never actually earned is fundamentally unfair and harmful to Nevada’s economy,” said Congressman Horsford. “This policy would drive tourism across our state elsewhere. There is strong bipartisan agreement that this provision was a mistake, and Congress must act to correct it.”

“The FULL HOUSE Act is about basic fairness in the tax code,” said Congressman Miller. “Americans should not be taxed on money they didn’t actually take home. By restoring the full deduction for gambling losses, this bill ensures the IRS treats taxpayers honestly and consistently. I’m proud to lead this bipartisan effort with Congressman Horsford, and I urge my colleagues to support this common-sense fix.”