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Gambling Tax Guide: Can You Write Off Gambling Losses?

Gambling Tax Guide: Can You Write Off Gambling Losses?

Kateryna July 21, 2025 11:50:08

Can you write off gambling losses? This is a common question for gamblers new and experienced, and the answer is more complicated than many people think. This simple guide will help you understand when and how you may be able to write off your gambling losses, what records you need to keep, and what the rules mean for you.