House panel advances H.R. 10357, including full gambling-loss deductions, in 38-5 vote

Sep 21, 2026 00:03 (35d ago)

House Ways and Means advanced amended H.R. 10357, including full federal gambling-loss deductions against winnings.
The committee approved the measure 38-5 on September 16, 2026, with the gambling change estimated to reduce revenue by about $2 billion through 2036.
The bill would revise digital-asset tax and reporting rules but remains proposed legislation; current IRS rules continue to apply.

The House Ways and Means Committee advanced amended H.R. 10357, the Digital Asset Tax Certainty Act, by 38-5 on September 16, 2026, including a provision restoring 100% federal gambling-loss deductions against winnings. The bill would reverse the 90% cap enacted in the One Big Beautiful Bill Act, signed July 4, 2025, and apply the change to tax years beginning after December 31, 2025. The Joint Committee on Taxation estimates the gambling provision would reduce federal revenue by roughly $2 billion from 2027 through 2036. H.R. 10357 would also establish proposed rules for crypto payments, mining, staking, lending, stablecoins, broker reporting and anti-abuse measures, but it has not passed Congress or become law.