Are gambling losses tax deductible? Here's what the IRS says

can you write off lottery losses
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Can you deduct gambling losses from your tax return in Michigan? Yes, you can Thanks to a bill signed by Governor Gretchen Whitmer in

You cannot deduct more in gambling losses than you report in gambling winnings on your federal income tax return You will need records to prove A married couple could not deduct their gambling losses because evidence, including their prior tax treatment of the activity,

juegos de slot You can try to win big at the casino but make sure you understand tax laws before you do Gambling winnings are taxable income but losses are deductible  how to ensure you know how to deduct gambling losses properly! Table of Contents Toggle How Tax Deductions Work; Can I Write Off Gambling Losses on My Taxes?