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Texas Fold ‘Em: New law to impact bettors during tax season

President Donald Trump bangs a gavel presented to him by House Speaker Mike Johnson of La., after he signed his signature bill of tax breaks and spending cuts at the White House, Friday, July 4, 2025, in Washington. (AP Photo/Evan Vucci)
President Donald Trump bangs a gavel presented to him by House Speaker Mike Johnson of La., after he signed his signature bill of tax breaks and spending cuts at the White House, Friday, July 4, 2025, in Washington. (AP Photo/Evan Vucci)
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By | bmause@baltsun.com
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An under-the-radar provision inside President Donald Trump’s “One Big, Beautiful Bill Act” will reduce the amount of gambling losses someone can deduct on their taxes.

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