The real takeaway from the NBA betting scandal? The complicity of all of sports
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The IRS is Taxing Your Gambling LOSSES in 2026 🎰💸 Did you know you can now owe taxes even if you LOST money gambling? 😱 Under the new OBBBA tax law passed in 2025, the IRS has introduced a "phantom income" trap for 2026. ​Starting this year, you can only deduct 90% of your gambling losses. That means if you break even, you’re still paying taxes on money you never actually made. In this video, I break down the math behind the OBBBA and the "90% haircut" that’s catching gamblers off guard. ​Key
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The IRS is Taxing Your Gambling LOSSES in 2026 🎰💸 Did you know you can now owe taxes even if you LOST money gambling? 😱 Under the new OBBBA tax law passed in 2025, the IRS has introduced a "phantom income" trap for 2026. ​Starting this year, you can only deduct 90% of your gambling losses. That means if you break even, you’re still paying taxes on money you never actually made. In this video, I break down the math behind the OBBBA and the "90% haircut" that’s catching gamblers off guard. ​Key
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Can You Claim Gambling Losses on Your Taxes?
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What we learned from NBA gambling indictments: Chauncey Billups’ role, connected cases, more
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