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To amend the Internal Revenue Code of 1986 to restore wagering loss limitation rules.
Summary
This bill amends the Internal Revenue Code to restore the deduction of wagering losses against wagering gains for tax purposes. Under current law, there are restrictions on how much gambling losses can offset gambling winnings in income calculations. The bill removes those limitations, allowing taxpayers to fully deduct wagering losses against wagering gains beginning in tax years after December 31, 2025. The measure applies only to federal tax treatment of gambling activities and does not affect state or local gambling regulations.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Barr, Andy [R-KY-6] (R-KY)
5 cosponsors
Money behind the sponsor
Top reported contributors to Andy Barr’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $274,323
- BANC OF CALIFORNIA $60,083
- APOLLO GLOBAL MANAGEMENT $32,200
- BLACKSTONE $28,900
- WELLS FARGO $23,366
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Andy Barr → · Outside spending →
Actions (2)
- Jul 23, 2025 Referred to the House Committee on Ways and Means. · house
- Jul 23, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
July 23, 2025
Mr. Barr introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to restore wagering loss limitation rules.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Winnings And Gains Expense Restoration Act of 2025” or the “WAGER Act of 2025”.
SEC. 2. LIMITATION ON WAGERING LOSSES.
(a) In General.—Section 165(d)(1) of the Internal Revenue Code of 1986 (as amended by the Act entitled “an Act to provide for reconciliation pursuant to title II of H. Con. Res. 14.” (119th Congress)) is amended by striking “for any taxable year” and all that follows through “shall be allowed” and inserting “for any taxable year shall be allowed”.
(b) Effective Date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2025. <all>
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