{"id":7231,"date":"2025-08-06T17:34:47","date_gmt":"2025-08-06T21:34:47","guid":{"rendered":"https:\/\/www.khflaw.com\/news\/?p=7231"},"modified":"2025-08-06T17:36:43","modified_gmt":"2025-08-06T21:36:43","slug":"law360-expert-analysis-opinion-walter-bourdaghs-on-budget-acts-deduction-limit-penalizes-losing-gamblers","status":"publish","type":"post","link":"https:\/\/www.khflaw.com\/news\/law360-expert-analysis-opinion-walter-bourdaghs-on-budget-acts-deduction-limit-penalizes-losing-gamblers\/","title":{"rendered":"Law360 Expert Analysis Opinion: Walter Bourdaghs on Budget Act&#8217;s Deduction Limit Penalizes Losing Gamblers"},"content":{"rendered":"<p>On August 5, 2025, <a href=\"http:\/\/www.law360.com\">Law360<\/a> published an <em>Expert Analysis-Opinion<\/em> authored by Kang Haggerty associate <a href=\"https:\/\/www.khflaw.com\/walter-ogura-bourdaghs.html\">Walter Bourdaghs<\/a> on how the recent <a href=\"https:\/\/www.law360.com\/articles\/2370599\/budget-act-s-deduction-limit-penalizes-losing-gamblers\">Budget Act&#8217;s Deduction Limit Penalizes Losing Gamblers<\/a> (<em>subscription required<\/em>).<\/p>\n<p>\u201cBeginning Jan. 1, 2026, it will become extraordinarily difficult to be a professional gambler in the U.S.,\u201d says Bourdaghs, who plays an occasional hand as an avid poker player in his free time. \u201cPreviously, gamblers were taxed only on their net profits. The bill amends the Internal Revenue Code so that gamblers will be allowed to deduct only 90% of their losses against their winnings.\u00a0 This will potentially lead to counterintuitive outcomes in which some gamblers owe taxes despite having had a net loss for the year.\u201d<\/p>\n<p>If you have any questions or would like to learn more, please contact Walter at Kang Haggerty.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.khflaw.com\/news\/law360-expert-analysis-opinion-walter-bourdaghs-on-budget-acts-deduction-limit-penalizes-losing-gamblers\/\"  title=\"Continue Reading Law360 Expert Analysis Opinion: Walter Bourdaghs on Budget Act&#8217;s Deduction Limit Penalizes Losing Gamblers\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>On August 5, 2025, Law360 published an Expert Analysis-Opinion authored by Kang Haggerty associate Walter Bourdaghs on how the recent Budget Act&#8217;s Deduction Limit Penalizes Losing Gamblers (subscription required). \u201cBeginning Jan. 1, 2026, it will become extraordinarily difficult to be a professional gambler in the U.S.,\u201d says Bourdaghs, who plays an occasional hand as an [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":7222,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[414],"tags":[834],"coauthors":[940],"class_list":["post-7231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publications","tag-law360","publication_lawyer-walter-o-bourdaghs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Law360 Expert Analysis Opinion: Walter Bourdaghs on Budget Act&#039;s Deduction Limit Penalizes Losing Gamblers &#8212; Kang Haggerty News &#8212; August 6, 2025<\/title>\n<meta name=\"description\" content=\"On August 5, 2025, Law360 published an Expert Analysis-Opinion authored by Kang Haggerty associate Walter Bourdaghs on how the recent Budget Act&#039;s &#8212; August 6, 2025\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.khflaw.com\/news\/law360-expert-analysis-opinion-walter-bourdaghs-on-budget-acts-deduction-limit-penalizes-losing-gamblers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Law360 Expert Analysis Opinion: Walter Bourdaghs on Budget Act&#039;s Deduction Limit Penalizes Losing Gamblers &#8212; Kang Haggerty News &#8212; August 6, 2025\" \/>\n<meta property=\"og:description\" content=\"On August 5, 2025, Law360 published an Expert Analysis-Opinion authored by Kang Haggerty associate Walter Bourdaghs on how the recent Budget Act&#039;s &#8212; August 6, 2025\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.khflaw.com\/news\/law360-expert-analysis-opinion-walter-bourdaghs-on-budget-acts-deduction-limit-penalizes-losing-gamblers\/\" \/>\n<meta property=\"og:site_name\" content=\"Kang Haggerty News\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-06T21:34:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-06T21:36:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.khflaw.com\/news\/wp-content\/uploads\/2025\/07\/Walter-Bourdgahs-Article.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Walter O. 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