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WinningsTax

FULL HOUSE Act tracker

The bill that would let gamblers deduct 100% of their losses again, instead of 90%.

Checked from the Library of Congress's bill status data.

Not law yet. Furthest so far: approved by committee, as H.R. 10357 on September 16, 2026. It still needs a House vote, a Senate vote and the President’s signature.

  1. Done: Introduced
  2. Done: Committee approval
  3. Not yet: House vote
  4. Not yet: Senate vote
  5. Not yet: Signed into law

What it would change

Since 2026, gamblers can deduct only 90% of their losses, so a year that breaks even still leaves 10% of the winnings taxed.[1] No law has restored the 100% loss deduction. The FULL HOUSE Act (Title VII of H.R. 10357) would restore it back to 2026. House Ways and Means approved it on September 16, 2026; it still needs a House vote, the Senate and a signature.[4]

For a single filer with $60,000 of wages who won $50,000 and lost $50,000 betting on sports, the 100% deduction would cut the federal tax on that year from $3,992 to $2,892. The 90% rule page has the figures for every state and amount, and the calculator shows both for your own numbers.

The bills

H.R. 10357

Title VII of the Digital Asset Tax Certainty Act

Approved by committee

Sponsor:
Rep. Smith, Jason [R-MO-8]
Cosponsors:
8 (1 Democrat, 7 Republicans)
Introduced:
September 14, 2026

Actions

  1. Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 38 - 5.
  2. Committee Consideration and Mark-up Session Held
  3. Referred to the House Committee on Ways and Means.
  4. Introduced in House

H.R. 6985

Standalone House bill

In committee

Sponsor:
Rep. Miller, Max L. [R-OH-7]
Cosponsors:
6 (4 Democrats, 2 Republicans)
Introduced:
January 8, 2026

Actions

  1. Referred to the House Committee on Ways and Means.
  2. Introduced in House

S. 2230

Standalone Senate bill

In committee

Sponsor:
Sen. Cortez Masto, Catherine [D-NV]
Cosponsors:
8 (4 Democrats, 4 Republicans)
Introduced:
July 9, 2025

Actions

  1. Read twice and referred to the Committee on Finance.
  2. Introduced in Senate

Questions

Is the FULL HOUSE Act law?
Not law yet. Furthest so far: approved by committee, as H.R. 10357 on September 16, 2026. It still needs a House vote, a Senate vote and the President’s signature. Until it is, only 90% of gambling losses are deductible.[4]
What does the FULL HOUSE Act do?
No law has restored the 100% loss deduction. The FULL HOUSE Act (Title VII of H.R. 10357) would restore it back to 2026. House Ways and Means approved it on September 16, 2026; it still needs a House vote, the Senate and a signature.[4]
What does FULL HOUSE stand for?
Facilitating Useful Loss Limitations to Help Our Unique Service Economy. It is a standalone bill in each chamber (H.R. 6985 and S. 2230) and Title VII of H.R. 10357.[4]

How this page stays current

Once a day it re-reads each bill's status from the Library of Congress's data on govinfo.gov, the same records Congress.gov shows. If the act passes, the calculator and the rules it uses are updated to match.

Sources

  1. [1] 26 U.S. Code § 165(d) (wagering losses) · checked September 22, 2026
  2. [2] IRS, Publication 505 (2026), Tax Withholding and Estimated Tax · checked September 22, 2026
  3. [3] IRS, Topic 419, Gambling income and losses · checked September 22, 2026
  4. [4] Congress.gov, H.R. 10357 actions · checked September 22, 2026
  5. [5] H.R. 10357, Title VII (FULL HOUSE Act), as introduced · checked September 22, 2026