Allowing an itemized deduction for certain losses from wagering transactions for individuals for income tax purposes.

SB 226 would allow Kansas individual taxpayers who itemize deductions to deduct 100% of their gambling losses on their state income tax return, starting in tax year 2025. The bill amends Kansas tax law to add "losses from wagering transactions" as a deductible item, matching the federal deduction rule for such losses. This change applies to tax years beginning January 1, 2025, and affects residents with gambling losses that exceed winnings under federal rules. It does not alter current deductions for other items like charitable contributions or medical expenses.