HR 4304·Federal·house
Fair Accounting for Income Realized from Betting Earnings Taxation Act
IntroducedFiled Jul 7, 2025
Sponsor: Rep. Titus, Dina [D-NV-1] (D)
Latest Action
Motion to Discharge Committee filed by Ms. Titus. Petition No: 119-16. (<a href="https://clerk.house.gov/DischargePetition/2026021216">Discharge petition</a> text with signatures.)
Feb 12, 2026
Summary
The FAIR Bet Act changes the tax code so that gamblers can fully offset their betting winnings with their losses, rather than being limited to 90% of those losses. It applies to anyone who reports gambling income on their federal tax return and could lower the tax bill for frequent bettors. The change aims to make tax accounting for gambling more equitable.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HR 4304 changes status, plus AI-powered summaries and stage predictions.
Sign up free