US Gambling Tax Calculator (2026)
Estimate the federal gambling-loss deduction and see a simplified incremental income-tax illustration. This is not a complete federal or state tax return, a tax filing service, or professional advice.
01 / Enter annual amounts
Calculation is illustrative.
02 / Calculation
- 2026 statutory deduction cap (90% losses, limited to winnings)
- Loss deduction used in this simplified worksheet
- Gambling-related taxable income effect
- Net cash result from gambling
- Approx. federal tax at your assumed marginal rate
The 90% wagering-loss limitation starts in tax year 2026. Loss deductions generally require itemizing and substantiating records. This model does not compare standard vs. itemized deductions; does not compute progressive brackets, AGI, tax credits, withholding, NIIT or AMT; does not cover professional gamblers, nonresident aliens, state or local taxes, or limitations applicable to high-income itemizers. A 24% withholding on certain winnings is not your final tax rate.
Official sources
Year: 2026 · United States federal rules only · Data stays in this browser tab.