I believe your winnings become part of your adjusted gross income and your taxes are increasing/decreasing as you add/subtract winnings because you fall into a different tax bracket. It is great that you can remove your losses but there are other problems. I am on Social Security and my winnings in 2024 Were $168,537 loses were $215,217 . I could only claim losses equal to reported winnings but my Medicare costs are increasing an additional $446.30 Part B and additional $83.30 for no other reason than my reported earning before deductions was increased and fell into a category requiring me to pay a premium. Love gambling but have to stop I can't afford the premiums.
Any benefit or expense that uses your Adjusted gross income to determine your benefit or expense will include your gambling winnings.
