Texas Border Business Texas Border Business The “One Big Beautiful Bill Act” (OBBBA), signed into law on July 4, 2025 (Public Law 119‑21), introduces significant changes to how gambling losses are taxed. Beginning January 1, 2026, taxpayers will only be able to deduct 90% of their gambling losses, even if those losses equal or exceed … Continue reading New Bill Caps Gambling Loss Deductions at 90% Starting in 2026