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June 3, 2019
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In the past when I've put in my gambling losses, equal to my wins, it's changed my refund numbers etc.... this year it is not changing at all?

  • June 3, 2019
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Best answer by AnthonyC

Its likely due to the increase in the standard deduction this year.  While gambling winnings are income, gambling losses up to winnings are only itemized deductions.  In the past, you may have added enough itemized deductions that the losses were helping to offset the winnings.  This year - due to tax reform - the standard deduction has doubled ($12,000 for single and $24,000 for married filing jointly), meaning that is harder to utilize itemized deductions.

1 reply

AnthonyCAnswer
Employee
June 3, 2019

Its likely due to the increase in the standard deduction this year.  While gambling winnings are income, gambling losses up to winnings are only itemized deductions.  In the past, you may have added enough itemized deductions that the losses were helping to offset the winnings.  This year - due to tax reform - the standard deduction has doubled ($12,000 for single and $24,000 for married filing jointly), meaning that is harder to utilize itemized deductions.