[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-111":3},{"rec_id":4,"title":5,"text":6},"111","Can I deduct my gambling losses?","If you itemize your deductions, you can deduct your gambling losses (up to your gambling income amount). \r\n\u003Cbr>\u003Cbr>\r\nFor example, if you report $5,000 in gambling income on your \u003Ci>\u003Cspan style=\"white-space: nowrap;\">W-2G\u003C/span>\u003C/i>, you can deduct up to $5,000 of your gambling losses. If you use the \u003Ci>Standard Deduction\u003C/i> instead of \u003Ci>Itemized Deductions\u003C/i>, gambling losses cannot be deducted.",1777391529107]