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New Rules Trigger Unseen Tax Liability on Gamblers
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Subscribe03 DEC 2025 / ACCOUNTING & TAXES
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A rule inside the One Big Beautiful Bill Act starting in 2026 will tax US gamblers on unrealized profit, making those who break even liable for significant taxes. Accountants are advised to begin planning now, and lawmakers in gaming states are pushing back against this structural shift in how gambling income is measured.
Some gamblers are about to owe federal tax on money they never actually made. Starting in 2026, a quiet rule inside the One Big Beautiful Bill Act could turn break-even bettors into taxpayers with real IRS liabilities tied to completely unrealized profit....
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