Though one can write off losses from gambling in the US. I wish the tax code had... | Hacker News

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mwexler on April 4, 2024 | parent | context | favorite | on: Anatomy of a credit card rewards program

Though one can write off losses from gambling in the US.

I wish the tax code had more a more positive slant per your point, but lobbying seems to be a bigger driver.

ScottEvtuch on April 4, 2024 [–]

Pretty sure you can only write off gambling losses to offset gambling winnings, which entirely makes sense. That way you only pay taxes on your net winnings for the year.

gosub100 on April 4, 2024 | [–]

I can confirm this.

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