[vpFREE] Re: More questions about Ohio gambling state and city taxes

 



Maybe this will help some, Jean. It appears that 6% was withheld until June 12, 2012. Thereafter it was 4%:

"Pursuant to R.C. 5747.063, if a person's winnings at a casino facility are such that the IRS requires reporting on form W-2G or 1042-S ($1,200 or more not reduced by the wager for slot winnings; more than $5,000 reduced by the wager or buy-in for table win; or $600 or more if the winnings are more than 300 times the amount wagered or are subject to federal income tax withholding), the casino operator shall deduct and withhold Ohio income tax from the person's winnings at a rate of four percent (4%) of the amount won. (Please note that, prior to June 12, 2012, each casino operator was required to withhold Ohio income tax at a rate of six percent (6%) for those people meeting the thresholds mentioned above.)"

That's from the Ohio Dept of Taxation website:

http://www.tax.ohio.gov/faq/tabid/6315/Default.aspx?QuestionID=627&AFMID=11354

That link should open to FAQ #52, "Will the casino withhold any amounts from my casino winnings for Ohio income taxes?"

--Dunbar

--- In vpFREE@yahoogroups.com, "Queen of Comps" <queenofcomps@...> wrote:
>
> I’m thoroughly confused right now. Does Ohio withhold 4% or 6% from W2-G jackpots? I’ve had reports of both of these figures, but I assume it is standard across the state. Can some of you actually look at your W2-G’s and verify the percentage in the “State tax” box.
>
> I just received this from someone who lives outside the Cleveland city limits, but plays at Cleveland Horseshoe Casino:
>
> <<I just received another W2g this past Friday. Box 14, labeled State Income Tax withheld, has 6% of my jackpot total. Nowhere on the W2g is there any mention of City Tax.>>
>
> This verifies the previous info I had that Cleveland only taxes residents so would only withhold for residents. Since Columbus and Cincinnati taxes both residents and non-residents I believe that both of those withhold city taxes for everyone. Can some of you personally verify those details by looking at your W2-G’s from each of those cities, and be sure to add whether you are a resident of that particular city.
>
> This subject may put me over the edge!!!! I’ve combed the Internet and not found this specific information.
>
> ------------------------------------------
> Jean $¢ott, Frugal Gambler
> http://queenofcomps.com/
> You can read my blog at
> http://jscott.lvablog.com/
>
>
> [Non-text portions of this message have been removed]
>

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