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Casino tax calculator

Every hand-pay generates a W-2G, but the IRS only sees your wins until you document your losses. From tax year 2026 only 90% of losses are deductible. Enter your yearly totals to see what remains taxable.

Enter the year's totals
Deductible losses (90% limit, capped at winnings)$90,000
Taxable gambling income$10,000
Of which is phantom income (the 10% of losses no longer deductible)$10,000

An estimate for a single-year federal calculation only — automated bookkeeping, not tax advice. A licensed CPA should review before filing.

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The totals above are only as good as the documents behind them. W2gMatch reads your W-2Gs, win/loss statements and IRS transcript and ties them together.

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