Gambling Losses

[Ryan7272]

Before I started entering several W-2G forms in the Gambling Winning section the summary showed that I would receive a small refund, and after I entered the forms I entered a loss equal to the winnings (which is accurate) but now the summary says I owe hundreds.  The forms also included some state withholding which I would expect to be refunded since I'm writing off all the winnings.  What am I missing?  It seems to not be calculating my refund correctly.

[Mike9241]

for federal purposes gambling losses are only deductible if you itemize your deductions (Schedule A). State laws vary on how gambling losses are handled, so you'll need to provide the state if additional guidance is needed. 

[Ryan7272]

Oregon

[ThomasM125 · Accepted solution]

Gambling losses in 2025 are only deductible as itemized deductions, and only up to the amount of your winnings. As such, if you don't have enough itemized deductions to surpass your standard deduction, the gambling losses you enter will not affect your taxable income. For most taxpayers, the standard deduction amount is $15,750 for single filers and $31,500 for joint filers.

Oregon also allows you to deduct gambling losses up to the amount of your winnings as itemized deductions. Their standard deduction is $2,835 for single filers and $5,670 for married-joint filers. If you entered your gambling losses in the federal section of TurboTax they should flow down automatically to the state program. I suggest you look at your state return summary  to see what your standard or itemized deduction is and then post a new inquiry here if it doesn't look correct. Here are the steps to see the summary, you may need to be working in the state return when you try this though:

1. Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
2. Choose Tools
3. Choose View Tax Summary