Don’t Fall for the “Buy Losing Tickets” Tax Hack — It’s Tax Evasion @TobyMathis
Don’t Fall for the “Buy Losing Tickets” Tax Hack — It’s Tax Evasion  @TobyMathis
Uploaded October 2025 | Updated September 2026, 2 weeks ago
PSA: if someone tells you to buy losing lottery tickets and claim them as gambling losses to cut your tax bill, run the other way — that’s tax evasion and a crime.

The law only lets you deduct gambling losses up to the amount of your gambling winnings, and recent changes have tightened deductions even further.

Would you like to learn more about protecting your assets and minimizing taxes? Schedule a free consultation here: aba.link/ev4
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#taxes #gambling
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Toby Mathis Esq | Tax Planning & Asset Protection |

Don’t Fall for the “Buy Losing Tickets” Tax Hack — It’s Tax Evasion

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