Phantom Income Calculator

Enter your total gambling winnings and losses for the year to see how the 90% rule changes your taxable income.

Your totals

Total gross winnings

Total gross losses

Deductible losses (90% cap, limited to winnings)$90,000

Taxable gambling income (goes on your return)$10,000

Of which is “phantom” income from the 10% haircut$10,000

This is an estimate for a single-year federal calculation only — it doesn't account for casual-vs-professional filing status, state conformity, or itemizing thresholds. Not tax advice; talk to a CPA before filing.

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