CONGRESS FOR VOTERS

RepublicanBill · H.R. 4630· House(119-HR-4630)

WAGER Act of 2025

Rep. Barr
Age: 53 years
Kentucky
Introduced
7/23/2025
Last activity
7/23/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Andy Barr
Cosponsors
Republican - 2Democrat - 3
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the Winnings And Gains Expense Restoration Act of 2025'' or the WAGER Act of 2025'', proposes changes to the Internal Revenue Code of 1986. The primary goal is to amend the code to restore wagering loss limitation rules. Specifically, it targets Section 165(d)(1) of the code. The changes involve striking specific language regarding how losses are allowed for a taxable year. These amendments are intended to take effect for taxable years beginning after December 31, 2025.

Yes· 3 of 5

  • Would middle-income households be better off under this?+2

    The bill restores the ability to deduct wagering losses, which provides a tax relief mechanism for individuals with gambling losses.

  • Would high-income households be better off under this?+2

    The bill restores the ability to deduct wagering losses, which provides a tax relief mechanism for individuals with gambling losses.

  • Does this cut taxes for middle-income families?+2

    The bill restores the ability to deduct wagering losses, which provides a tax relief mechanism for individuals with gambling losses.

The opposite

  • Does this reduce what the federal government spends?-1

    By allowing more deductions for wagering losses, the bill potentially reduces federal tax revenue.