Pajako

𝗧𝗵𝗲 𝗛𝗼𝘂𝘀𝗲 𝗠𝗮𝘆 𝗡𝗼𝘁 𝗔𝗹𝘄𝗮𝘆𝘀 𝗪𝗶𝗻 𝗕𝘂𝘁 𝘁𝗵𝗲 𝗜𝗥𝗦 𝗦𝘁𝗶𝗹𝗹 𝗗𝗼𝗲𝘀.

Gambling losses have always been limited to the amount of your winnings, but starting in 2026, the rules get even tighter. Taxpayers will only be able to deduct 90% of gambling losses, including expenses for professional gamblers, against their winnings. That means even if you break even in real life, you could still owe taxes on part of your gains.

For casual players and professionals alike, this change could increase taxable income and reduce the relief many expected at tax time. If gambling is part of your income stream, knowing this rule now can help you plan smarter and avoid unpleasant surprises.

👉𝗗𝗼𝗻’𝘁 𝗹𝗲𝘁 𝗹𝗼𝘀𝘀𝗲𝘀 𝘁𝘂𝗿𝗻 𝗶𝗻𝘁𝗼 𝘁𝗮𝘅 𝘀𝘂𝗿𝗽𝗿𝗶𝘀𝗲𝘀 - 𝗸𝗻𝗼𝘄 𝘁𝗵𝗲 𝗿𝘂𝗹𝗲𝘀: www.pajako.com

QuickBooks works best when it is set up to match how your business actually operates. A customized setup makes your reports clearer and your bookkeeping much easier to manage.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗮 𝗳𝗲𝘄 𝘄𝗮𝘆𝘀 𝗤𝘂𝗶𝗰𝗸𝗕𝗼𝗼𝗸𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗯𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝗱 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀.

• Customize your chart of accounts so income and expenses reflect the way your business runs

• Set up products, services, and categories that match what you actually sell

• Set up classes, locations, or projects if you want to track different revenue streams

When QuickBooks is set up correctly, it becomes a powerful tool for understanding your business finances.

Does your QuickBooks reflect how your business actually operates, or are you still using the default setup?

𝗛𝗮𝘃𝗲 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀, 𝗱𝗿𝗼𝗽 𝘁𝗵𝗲𝗺 𝗯𝗲𝗹𝗼𝘄!

👉 Get your QuickBooks working the right way at www.pajako.com