Skip to: Content
Skip to: Site Navigation
Skip to: Search


Tax deductions for bingo? One of five strange IRS write-offs.

Tax deductions ... er, income taxes are on Americans' minds as the April filing deadline approaches. Here are five of the more offbeat tax deductions the IRS allows you to include. Hey, maybe you even qualify!

- Mary Helen MillerCorrespondent

Mary Clanton (left) and Nieves Chorchado (center) study their bingo cards as Alicia Cabrera calls out the numbers during a game of bingo at the Henry Street Settlement Senior Services Center on New York's Lower East Side in this 2003 file photo. Bingo losses can be included in tax deductions, as long as they don't surpass the amount of reported winnings for the year. (Tina Fineberg / AP / File )

1. Bingo and other gambling losses

So you didn’t bring your A-game to the bingo hall this year? You have a bruised ego and a bruised wallet. The IRS gets it – enough is enough! Go ahead and deduct your bingo losses, you’re allowed. You can deduct the amount you lost last year, up to the amount that you won. Just make sure you have a detailed diary of your winnings and losses (scribbles in the margins deriding competitors are optional).

The Internal Revenue Service allows taxpayers to deduct losses for other types of wagering, too. They must keep a detailed diary of the kind of wager, where they placed it, who they were with, and how much they won or lost.


Read Comments

View reader comments | Comment on this story