Can I deduct are gambling losses deductible?

Gambling losses can be deducted on your tax return, but only up to the amount of your gambling winnings. This means you cannot deduct more in losses than you report as income from gambling. To claim this deduction, you must itemize your deductions on Schedule A of your tax return. Additionally, you must keep accurate records of your gambling activities, including receipts, tickets, statements, or other documentation that can substantiate your losses.