Gambling winnings are taxable income.Losses are an itemized deduction.If you do not have enough itemized deductions to exceed your standard deduction, your losses will have no effect.
MARRIED FILING SEPARATELY$14,600(65 or older/legally blind + $1550)
MARRIED FILING JOINTLY $29,200(65 or older/legally blind + $1550)
HEAD OF HOUSEHOLD $21,900(65 or older/legally blind + $1950)
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