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Ask the Hammer: Can I Deduct Money I Spent Betting on the Super Bowl as a Gambling Loss?

Jeffrey "The Buckinghammer" Levine of Buckingham Wealth Partners answers a question about losing money by gambling on the Super Bowl.

I lost money betting on the Super Bowl. Can I deduct that as a gambling loss?

That was the question posed by a Retirement Daily reader to Jeffrey Levine — director of advanced planning at Buckingham Wealth Partners — in this special Super Bowl edition episode of Ask the Hammer.

Got Questions?

Email AsktheHammer@BuckinghamGroup.com

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