Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 7
- Latest action
- Jan 8, 2026
What it does
The bill would amend the Internal Revenue Code to reinstate the rule that wagering losses can only be deducted up to the amount of wagering gains, effectively limiting such deductions to offsetting winnings. It applies to individuals engaged in wagering transactions and would take effect for taxable years beginning after December 31, 2025. The change restores a prior limitation on deducting gambling losses, which had been modified or suspended under previous tax provisions.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.