Based on my personal experience with W-2G's, in NV, they didn't take out any taxes, and didn't even ask. In IL, they asked if I wanted taxes taken out, but did not insist that I do. In MS, they took out, IIRC, 0.3% state taxes, and no fed tax. In LA, they took out 6%! However, I'm glad to report that I got about 75% of that money back by filing a state income tax return with LA.Quote: Romes
Then again those figures are pending states, I think, so I'm not sure if they're considered universal.
yes I know taxed automatically.Quote: Romes
Table bets with over 300-1 odds and $1200 get taxed automatically, similar to a VP win over $1200. Then again those figures are pending states, I think, so I'm not sure if they're considered universal. I believe you HAVE to get one of the two withheld automatically (state/federal). I think you can waive one, but you'll have to pay for it later when tax season comes.
Yes! One day I will figure out how decimal points work! ;PQuote: RS
Mississippi the state tax is 3%, not 0.3%, for the record.
In LA, I had $720 withheld in state taxes and got a refund for $545. When the slot attendant was handing me the W-2G, she said I could get most of the withheld taxes back if I filed a state return. She was right -- most, but not all.Quote:
AFAIK, you can't file and get the 3% back in MS. In other states with a state tax on W2G, you can. LA and IA im pretty sure you can get the 6% and 5%(?) back, respectively. I'm sure in some you can and some you can't.