Re: [vpFREE] Re: Withholding State Taxes

 

IL has you fill out an IL-1040CR. W2G income which is "taxed" in other states lets you take a credit in IL for the lower of the tax paid or the IL tax rate which is currently 4.95%.
I do not know whether you can treat the Mississippi charge as a tax? I have never had a taxable in Mississippi.

Howard W. Stern


On Sunday, March 18, 2018 3:27 PM, "don ross rossx_98@yahoo.com [vpFREE]" <vpFREE@yahoogroups.com> wrote:


 
P.S.  I believe this is also true in Illinois.


On Sunday, March 18, 2018, 11:58:38 AM EDT, harry.porter@verizon.net [vpFREE] <vpFREE@yahoogroups.com> wrote:


 

Not sure what you're referring to as "contrary" (as far as exclusion of in-state gambling income from MS resident income tax returns, that's because the income is taxed via the equivalent of an "excise tax" at the time of jackpot payout, rather than an income tax.)

But, yes, in many other states it's possible to reclaim some or all of withheld income tax on gambling winnings as a non-resident by subsequently filing a return for that state.

As far as "not have any taxes taken out", in my limited experience I've found that state withholding (where it applies) is mandatory.  If you have further specific information re states where state tax withholding is optional, please share.


---In vpFREE@yahoogroups.com, <rossx_98@...> wrote :

That's a contrary statement, isn't it?  Now in all honesty, this was years ago and I could have been mistaken about the state - I've gambled in many states and have learned not to have any taxes taken out.


On Sunday, March 18, 2018, 12:19:28 AM EDT, harry.porter@... [vpFREE] <vpFREE@yahoogroups.com> wrote:


 
<re: getting a refund of gambling tax withholding on winnings in MS>

You must excel with "sleight of hand", rossx, (at least where MS tax withholding on gambling winnings is concerned):

http://www.dor.ms.gov/Pages/Individual-FAQs.aspx#23

"Taxes withheld by Mississippi casinos as a result of gambling winnings are not refundable in Mississippi. Mississippi residents are not required to report Mississippi gambling winnings as income on their state return."



---In vpFREE@yahoogroups.com, <rossx_98@...> wrote :

It's not hard to do - get a state tax form and file it - I've done it and got my money back.





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