Bettors can still deduct losses from wins within a single session of play. But the Internal Revenue Service ( irs) is unlikely to let punters treat a full year, or arguably even a week, as one session. In the meantime, some sports bettors are placing their hopes on a potential loophole presented by a disruptive new entrant to the industry.

Fresh off passage of the “One Big Beautiful Bill,” some anti-tax advocates hope to push the administration to change how taxable capital gains are calculated.

Trump's One Big Beautiful Bill Act created federal work requirements for Medicaid recipients, which amount to 80 hours a month in community engagement activities to maintain eligibility.

Many Republicans argue that voters will feel the economic benefits of their bill and reward them by sending them back to Washington. Democrats say the bill is deeply unpopular and they'll use it to clobber the GOP in the November 2026 election.

Farm programs will receive an extra $66 billion over the next decade, making up for a delayed Farm Bill. Critics say it will increase consolidation.

Part of Trump's tax bill could give Big Tech a boost to earnings. The bill allows upfront expensing of R&D costs, enhancing cash flow for software firms. Microsoft, Oracle, and Salesforce are some of the biggest beneficiaries, Morgan Stanley said.

Tax incentives contained in the sweeping tax and budget bill Trump signed on July 4 could provide a fresh boost to AI chipmakers.

One Big Beautiful Bill' makes 529 plans more flexible, some skeptics say the education savings plans still may not be worthwhile for some. Here's why