Bill > HB2084

This bill modifies Kansas state income tax law to allow taxpayers to deduct 100% of losses from wagering (gambling) transactions when calculating their Kansas itemized deduction, starting January 1, 2025. Currently, the Kansas itemized deduction allows full deductions for charitable contributions, medical expenses, mortgage interest, and property taxes, but does not include gambling losses. The bill amends the existing tax code to add a new provision that permits taxpayers to deduct gambling losses as defined in Section 165(d) of the federal internal revenue code, regardless of whether they itemize deductions on their federal tax return. This change means Kansas taxpayers who incur gambling losses will be able to fully deduct those losses when calculating their state income tax, potentially reducing their overall state tax liability. The bill represents a technical adjustment to Kansas state tax law that aligns more closely with federal tax treatment of gambling-related financial transactions.

Budget and Finance

Taxation (House)

https://kslegislature.gov/li/b2025_26/measures/hb2084/